Multiple Choice
The Uniform Commercial Code dispenses with the requirement for consideration in contracts that involve:
A) a merchant's firm written offer of an irrevocable contract.
B) an oral discharge of a claim for an alleged breach of contract.
C) modifications on future contracts.
D) modifications to executed contracts.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: The exchange of money is a mandatory
Q38: Identify four kinds of agreements that lack
Q39: The UCC provides that "any claim or
Q40: The promise to refrain from doing something
Q41: Describe agreements supported by moral consideration.
Q42: Statutes, in some states, have permitted a
Q43: The promisor may make a promise to
Q45: The law assumes that, as long as
Q46: A barren promise is one that involves
Q47: _ is a promise that is generally