Which of the Following Is True of Consideration for Modifying

question 14

Multiple Choice

Which of the following is true of consideration for modifying a sales or lease contract under the Uniform Commercial Code?

• A) An agreement modifying a contract needs no consideration to be binding.
• B) Modifying a contract requires consideration from the offeree's side.
• C) An offeror who modifies a contract must do so by providing reasonable consideration.
• D) The party providing the consideration must complete it within three months of acceptance.

Differentiate between various training methodologies and their applications.

Appreciate the advantages and preferences for e-learning versus traditional classroom training.

Understand the formal orientation process and its benefits for new employees.

Recognize the mutual benefits of internship programs for students and employers.

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Definitions:

Linear

Pertaining to a relationship or an equation that can be represented by a straight line in a graphical representation, illustrating a constant rate of change.

Downward-Sloping

A characteristic of a graph or curve that shows a decrease in one variable in response to an increase in another, commonly seen in demand curves.

Constant Elasticity

A condition in economics where the elasticity of one variable with respect to another is consistent across different levels of those variables.

Linear

Pertaining to something that is straight or sequential, often used to describe processes or relationships that have a constant rate of change.