Modification under the UCC
Posted: Tue Dec 04, 2012 9:56 pm
Hello everyone,
I am working through some practice problems, I came across the issue of modifications under the UCC.
Here's the basic situation:
On 4/2/, X sells to Y $1,000 widgets. Both parties agree that delivery will be on 4/6. The agreement is reduced to writing, stating both the purchase price of $1,000 and the delivery date of 4/6. On 4/4, X calls Y and asks if they can change the delivery date to 4/7. Y agrees. On 4/7, X tenders the widgets to Y. Y resuses to accept or pay for them, on the grounds that they were not delivered on 4/6. All other specifications are met.
Now, since this transaction falls under the UCC, and because the price is > $500, does the modification in the delivery date need to be in writing?
I checked the answer to the practice problem and it says that it does NOT have to be in writing. But, I swear 2-209(3) speaks directly to the fact that modifications under the UCC that also fall under the SOF have to be in writing.
Thank you in advance.
I am working through some practice problems, I came across the issue of modifications under the UCC.
Here's the basic situation:
On 4/2/, X sells to Y $1,000 widgets. Both parties agree that delivery will be on 4/6. The agreement is reduced to writing, stating both the purchase price of $1,000 and the delivery date of 4/6. On 4/4, X calls Y and asks if they can change the delivery date to 4/7. Y agrees. On 4/7, X tenders the widgets to Y. Y resuses to accept or pay for them, on the grounds that they were not delivered on 4/6. All other specifications are met.
Now, since this transaction falls under the UCC, and because the price is > $500, does the modification in the delivery date need to be in writing?
I checked the answer to the practice problem and it says that it does NOT have to be in writing. But, I swear 2-209(3) speaks directly to the fact that modifications under the UCC that also fall under the SOF have to be in writing.
Thank you in advance.