Under the UCC,a Modification to a Contract for the Sale

question 30

True/False

Under the UCC,a modification to a contract for the sale of goods needs no consideration to be binding.

---

Definitions:

Services Inventory

The concept of quantifying and managing the availability of intangible service capacities, such as hours of labor or access to resources.

Graphical Method

A visual approach to solving mathematical or analytical problems using diagrams, charts, or graphs.

Aggregate Planning

A process by which a company determines levels of capacity, production, subcontracting, inventory, stockouts, and pricing over a specified time horizon.

Trial-and-Error Methods

A problem-solving technique involving repeated, varied attempts which are continued until success, or until the agent stops trying.