According to the Uniform Commercial Code, If the Original Agreement

question 1

Multiple Choice

According to the Uniform Commercial Code, if the original agreement requires any modification to be in writing, an oral modification:

• A) is unenforceable.
• B) is enforceable.
• C) can be enforced if the value of the goods exceeds $500.
• D) can create legal value.

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Definitions:

Equity Growth

The increase in the value of an investment or portfolio, attributed to capital gains and reinvested earnings.

Firm's Equity

The value of a company's assets minus its liabilities and debt; essentially, it represents the ownership value held by shareholders in the company.

Dividend Payout

The percentage of earnings distributed to shareholders in the form of dividends.

Additional Debt Financing

Raising more funds for a company through borrowing, which may increase the company's debt-to-equity ratio.