Which of the Following Statements Is True About the Modification

question 44

Multiple Choice

Which of the following statements is true about the modification of an existing contract under the UCC?

• A)It regards all contractual duties as preexisting duties.
• B)If new consideration is provided to support a modification,it is unenforceable.
• C)A promise to alter an existing contract for sale of goods is enforceable.
• D)Unforeseeable difficulties that made performance impossible or highly impractical can make promise unenforceable.

Understand the fundamental principles of insurance, including risk, premiums, and the importance of insurable interest.

Identify different types of insurance (e.g., property, health, liability, life) and their purposes.

Recognize the legal considerations and outcomes in insurance policy disputes.

Appreciate the ethical dimensions in insurance applications and claims, including the consequences of misrepresentation.

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Definitions:

Asexually

Reproduction without the fusion of gametes, resulting in offspring that are genetically identical to the parent organism.

Brown Algae

Photosynthetic aquatic organisms with a brown coloration, mainly found in marine environments.

Stramenopiles

A diverse group of eukaryotic organisms that includes diatoms, brown algae, and water molds, characterized by the presence of straw-like hairs on their flagella at some stage in their life cycle.

Water Molds

Water molds, or Oomycetes, are a group of filamentous, fungus-like organisms living in water or damp environments, often causing diseases in plants and fish.