If a Buyer and Seller Agree to a Contract for the Sale

question 39

Multiple Choice

If a buyer and seller agree to a contract for the sale of goods amounting to $400,which modifications must be in writing in order to be enforceable?

• A)All modifications.
• B)Any modification increasing the price by $500 or more.
• C)Any modification increasing the price by $100 or more.
• D)No modification to such a contract needs to be in writing because the original contract did not need to be in writing.

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Definitions:

Information Processing

The process through which information is interpreted, stored, and retrieved by the brain or a computer system.

Encoding

The set of mental operations that people perform on sensory information to convert that information into a form that is usable in the brain’s storage systems.

Retrieval

The act of retrieving and making conscious previously stored memory information.

Encoding

The process of converting information into a form that can be stored in memory.