Which of the following gratuitous promises is/are enforceable by statute?
A) A good-faith contract modification in a contract for the sale of goods
B) A written offer signed by a merchant to buy or sell goods that assures it will be kept open for one month
C) A renunciation of a claim in a written waiver that is signed and delivered by the aggrieved party when the contract involves a sale of goods
D) All of these are enforceable by statute.

Question

Quizplus · Accepted Answer

All of these gratuitous promises are enforceable by statute according to the Uniform Commercial Code (UCC). A good-faith contract modification in a contract for the sale of goods is enforceable under UCC 2-209, a written offer signed by a merchant to buy or sell goods that assures it will be kept open for one month is enforceable under UCC 2-205, and a renunciation of a claim in a written waiver that is signed and delivered by the aggrieved party when the contract involves a sale of goods is enforceable under UCC 2-209(4).

Which of the Following Gratuitous Promises Is/are Enforceable by Statute