The UCC Requires That Consideration Be Provided for the Modification

question 71

True/False

The UCC requires that consideration be provided for the modification of a contract.

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Definitions:

Geographical Location

Refers to a specific physical point on the Earth's surface defined by coordinates, such as latitude and longitude.

Wealthy

Possessing a substantial amount of money, resources, or assets; affluence.

Power

The ability or capacity to direct or influence the behavior of others or the course of events.

Intersectionality

A conceptual framework for understanding how various forms of social stratification, such as race, gender, and class, interact to create unique modes of discrimination and privilege.