Multiple Choice
Which of the following is true of consideration for modifying a sales or lease contract under the UCC?
A) An agreement modifying a contract needs no consideration to be binding.
B) Modifying a contract requires consideration from the offeree's side.
C) An offeror who modifies a contract must do so by providing reasonable consideration.
D) The party providing the consideration must complete it within three months of acceptance.
Correct Answer:
Verified
Correct Answer:
Verified
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