An Agreement to Modify a Contract for the Sale of Goods

question 27

Multiple Choice

An agreement to modify a contract for the sale of goods that is not supported by consideration: ______.

• A) is only binding if supported by consideration.
• B) is binding as long as it's voluntary.
• C) is only binding if the original contract is invalid.
• D) is binding only if enforced by a court.

---

Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other cultures.

Prejudice

An unfounded or biased preconception or attitude towards individuals or groups based on characteristics like race, gender, or social status.

Discrimination

refers to unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice against others.