Under the Uniform Commercial Code,an Agreement Modifying a Contract

question 3

Multiple Choice

Under the Uniform Commercial Code,an agreement modifying a contract:

• A)always requires consideration.
• B)may not require consideration.
• C)requires consideration only when it is not written.
• D)requires consideration only when one of the parties is a minor.

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Definitions:

Renewable

Resources or energy sources that can be replenished naturally over a short period of time.

Recycled Packaging

Packaging materials that have been recovered or diverted from the waste stream, reprocessed into new materials, and then reused in packaging.

Marketing Department

A division within a company focused on developing and implementing strategies to promote and sell the company's products or services.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing ethical operations and contributing to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.