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:

Dispute Resolution

The process of resolving a dispute between parties through negotiation, mediation, arbitration, or legal actions.

Personnel Policies

Rules or guidelines set by an organization to govern its employees' behavior and HR processes.

Bargaining Structure

The framework within which negotiation processes between parties, such as employers and unions, are organized.

Attitudinal Structuring

Activities and efforts aimed at shaping and changing the attitudes, perceptions, and relationships between labor and management.