Under the UCC,an Agreement Modifying a Contract Needs No Consideration

question 42

True/False

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

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Definitions:

Midterm Grade

The grade assigned to a student's performance in a course midway through the term, often used as an indicator of the student's understanding of the material so far.

Horizontal Axis

A line that runs left to right across the chart or graph, often used to represent the independent variable in a data set.

Indifference Curve

A graph representing different bundles of goods between which a consumer is indifferent, showing the trade-offs or substitutions a consumer is willing to make.

Midterm Grade

An academic performance indicator, usually given halfway through a course, reflecting a student's progress and achievements to that point.