Under the common law, contract modifications must be supported by new consideration to be binding on the parties. Under UCC Article 2:

a. parties can only modify an existing sales contract in court
b. parties may not add new consideration to an existing sales contract c. parties cannot modify an existing sales contract
d. parties need to provide new consideration to modify an existing sales contract e. none of the other choices are correct


e

Business

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In a sublease, there is no legal relationship between the landlord and the sublessee

Indicate whether the statement is true or false

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Acme, Inc., produces widgets. To manufacture a new type of widget, it took 57 hours for the first widget. Acme estimates it has an 84% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 114th widget.

a. 17.27 hours b. 19.58 hours c. 16.52 hours d. 21.94 hours

Business

Assume that you have $330,000 invested in a stock that is returning 11.50%, $170,000 invested in a

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Business