When a Contract for the Sale of Goods Is Modified

question 27

Multiple Choice

When a contract for the sale of goods is modified such that the total price due under the contract is modified,under what circumstances must the agreement to modify be in writing?

• A) If the original contract amount was $500 or more.
• B) If the contract price is changed by more than $500.
• C) If the new contract price is more than $500.
• D) B and C only are true.
• E) A,B,and C are true.

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Definitions:

Negative Organizational News

Information shared within an organization that might have adverse effects or convey bad news.

Buffer

A protective barrier or cushion that lessens the impact of a shock or transition, often used metaphorically in communications and negotiations.

Reshape Organization

The process of altering the structure, operations, or culture of an organization to meet new objectives or challenges.

Negative Organizational News

Information communicated within or about an organization that is unfavorable, potentially damaging its reputation or morale.