§ 34.1-2-209 — Modification, rescission and waiver

Wyoming § 34.1-2-209

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 2: SALES

Text

(a) An agreement modifying a contract within this article
needs no consideration to be binding.
(b) A signed agreement which excludes modification or
rescission except by a signed writing cannot be otherwise
modified or rescinded, but except as between merchants such a
requirement on a form supplied by the merchant must be
separately signed by the other party.
(c) The requirements of the statute of frauds section of
this article (section 34.1-2-201) must be satisfied if the
contract as modified is within its provisions.
(d) Although an attempt at modification or rescission does
not satisfy the requirements of subsection (b) or (c) it can
operate as a waiver.
(e) A party who has made a waiver affecting an executory
portion of the contract may retract the waiver by reasonable
notification received by the other party that strict performance
will be required of any term waived, unless the retraction would
be unjust in view of a material change of position in reliance
on the waiver.