Which of the following is true of preexisting contractual duties and their modification under the UCC?
A)There is no provision of modifications due to unforeseen circumstances.
B)No modifications can be made to an existing contract that is binding.
C)Modification requires "mere agreement" on the part of those involved.
D)Rules for contractual modifications are different for the UCC and the CISG.

Question

Quizplus · Accepted Answer

The UCC and the CISG have similar rules regarding the modification of preexisting contracts where "mere agreement" is sufficient for modification.

Which of the Following Is True of Preexisting Contractual Duties