Question

In March, Louisa's Hamburger Stand contracts with HydrationCorp to buy 100 bottles of lemonade for $100 and an additional 100 bottles of lemonade for $115 on May 1. After the purchase and delivery of the 100 lemonades in March, Louisa speaks with a HydrationCorp representative, and they agree that on May 1 HydrationCorp will instead sell Louisa 100 bottles of iced tea for $115. What will result?

Answer 1

Answer:

the new terms will be valid

Explanation:

In the given question the result will be that the new terms will be valid.

This is due to the fact that Under the Uniform Commercial Code (UCC), the oral modifications are binding.

Here both the terms i.e the first term of providing the additional 100 bottles of lemonade for $115 on May 1 and selling 100 bottles of iced tea for $115 are made in oral