Question

Under UCC, can an oral modification be made to a contract?

Answer 1

Under the UCC, an oral modification can be made to a contract if certain requirements are met.

Step-by-step explanation:

Under the Uniform Commercial Code (UCC), an oral modification can be made to a contract, but there are certain requirements that need to be met for it to be enforceable.

An oral modification to a contract is generally allowed under the UCC if:

1. The original contract does not explicitly require modifications to be in writing
2. Both parties agree to the modification
3. There is consideration for the modification (i.e., each party receives something of value)
4. The modification does not violate the statute of frauds (e.g., it does not involve the sale of goods over $500)

However, it is important to note that it is generally recommended to have contract modifications in writing to avoid disputes and to provide clear evidence of the agreed-upon changes.