Which of the Following Statements Is True About the Modification

question 44

Multiple Choice

Which of the following statements is true about the modification of an existing contract under the Uniform Commercial Code?

• A) Agreements to modify contracts for the sale of goods need consideration to be binding.
• B) If the price of the goods in a modified agreement is $500 or more, the modification is enforceable.
• C) There is no duty to agree to a modification.
• D) There is no legal prohibition against agreements that result from coercion.

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Definitions:

Selection Handle

A graphical handle in software applications that allows users to select and manipulate objects or elements.

Subreport

A report embedded within the main report to display related data or details that is relevant to the main report's context.

Main Report

The principal document or output of data analysis, encompassing all the key findings, data, and supporting information.

Table Datasheet View

A way of displaying a database table in a grid format, allowing users to see and edit records in a spreadsheet-like environment.