Under Article _____________ of the UCC, an Agreement Modifying a Contract

question 19

Multiple Choice

Under Article _____________ of the UCC, an agreement modifying a contract needs no consideration to be binding.

• A) One
• B) Two
• C) Three
• D) Five
• E) None of these. There is no such rule in the UCC.

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership and potential influence over its operations.

Sustainable Development

Sustainable development is the practice of meeting the needs of the present without compromising the ability of future generations to meet their own needs, emphasizing environmental stewardship, economic growth, and social equity.

Resource Use

Refers to the way in which resources (such as time, money, and materials) are utilized or managed.

Future Generations

The people who will live at a later time, especially the descendants of the current population.