The UCC modifies the common law rule by requiring additional consideration for the
modification of a contract.
All contracts do not have to be in writing to be enforceable.
What is the purpose of the Code remedies for breach of sales contracts? How is this
purpose accomplished?
A partner has implied authority to hire and fire employees whose services are necessary
to carry on the partnership business.
Any person eligible to be a debtor under a given bankruptcy proceeding may file a
voluntary petition and must be insolvent to do so.
A lease for office space is considered to be personal property.
All partners are required to participate in winding up the partnership.