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Under Section 2-209 of the Uniform Commercial Code, Agreements to Modify

Question 25

Multiple Choice

Under section 2-209 of the Uniform Commercial Code, agreements to modify existing contracts for the sale of goods:


A) need new consideration to be binding.
B) need no new consideration to be binding.
C) require parties to formally terminate their original agreement and start over.
D) need new consideration to be binding and require parties to formally terminate their original agreement.

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