The Uniform Commercial Code dispenses with the requirement for consideration in contracts that involve:
A) a merchant's firm written offer of the 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.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) allows for a merchant's firm offer to be irrevocable without consideration if it is in writing and signed by the merchant.

The Uniform Commercial Code Dispenses with the Requirement for Consideration