Asked by Kolton Alvey on Jul 18, 2024
Verified
Under the UCC, contract modifications extorted by one contracting party from the other party are in bad faith but enforceable.
Contract Modifications
Changes made to the terms and conditions of an existing contract, agreed upon by all parties involved.
Bad Faith
Intentional dishonest act or failure to act, which misleads or deceives others, often in legal or contractual contexts.
- Examine the enforceability of contractual terms within the Uniform Commercial Code (UCC), covering modifications and supplementary terms.
Verified Answer
LS
Lichael SibalJul 22, 2024
Final Answer :
False
Explanation :
Under the UCC, contract modifications extorted by one party from the other are considered to be made in bad faith and are not enforceable because they lack voluntary assent.
Learning Objectives
- Examine the enforceability of contractual terms within the Uniform Commercial Code (UCC), covering modifications and supplementary terms.