According to the Uniform Commercial Code, if the original agreement requires any modification to be in writing, an oral modification: Select one: A. is unenforceable. B. can be enforced if the value of the goods exceeds $500. C. is enforceable. D. can create legal value.

Question

Business

Skyler Lopez

15 July, 08:24

According to the Uniform Commercial Code, if the original agreement requires any modification to be in writing, an oral modification: Select one: A. is unenforceable. B. can be enforced if the value of the goods exceeds $500. C. is enforceable. D. can create legal value.

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Answers (2)

Know the Answer?

Jaida Gill · Answer 1

(A). is unenforceable

Explanation:

The Uniform Commercial Code is a state law that guides sales and commercial transactions in the United States.

According to the Uniform Commercial Code, both written and oral agreements can be enforceable.

However, there are certain situations where the original agreement states that modifications have to be in writing. In such situations, an oral modification is unenforceable.

Chapman · Answer 2

The correct answer is letter "A": is unenforceable.

Explanation:

The Uniform Commercial Code (UCC) section 2-209 is the set of rules governing contracts especially related to the sale or lease of goods. According to the UCC, no oral modification applies in case there is a specific clause in the contract informing that. As oral modifications cannot be enforceable, the parties involved in the contract must be changed written if necessary.