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.

---

Definitions:

Intellectual Achievement

Refers to significant accomplishments or contributions in the fields of knowledge, art, science, or technology, achieved through intellectual effort.

Superiority Complex

A psychological defense mechanism in which a person's feelings of superiority counter or conceal their feelings of inferiority.

Social Interest

A concept in psychology referring to an individual's inclination towards empathy, cooperation, and concern for the welfare of others.

First-Borns

A rephrased definition: The initial offspring in a family, often attributed with leadership qualities and higher responsibilities than their siblings.