Long's Department Store Contracted to Buy 1,000 Drop-Waist Velour Dresses

question 43

Multiple Choice

Long's Department Store contracted to buy 1,000 drop-waist velour dresses in heather gray from Durham.Subsequently,Durham called and asked to ship mink-colored dresses instead of heather gray.Long agreed,in writing,to the change.Which statement is correct?

• A)The modification is not enforceable since there was no consideration for the change.
• B)The modification is not enforceable since the parties are merchants.
• C)The modification is enforceable.
• D)Whether the modification is enforceable depends on the gap-filler rule.

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Definitions:

Vitamin K

A fat-soluble vitamin important for blood clotting and bone health.

Beriberi

A disease caused by a vitamin B1 (thiamine) deficiency, leading to weakness, nerve damage, and heart failure.

Vitamin

Organic substance that is essential for normal body growth and maintenance and resistance to infection.

Closing Entries

At the close of an accounting period, recordings are made to move balances from temporary accounts to those that are permanent.