You may adjust a contract when it is in which of the following states?

A contract can be adjusted when it is in the Active state because this indicates that the contract is currently in effect and valid. Adjustments might be needed to reflect changes in terms, amounts, or conditions based on ongoing business needs. The Active state signifies that the contract is being utilized, thus allowing for modifications as required to ensure compliance, satisfaction, or alignment with current operations.

Contracts that are Extended, Canceled, or Expired do not permit adjustments because they are no longer in active use. For instance, an Extended contract typically signifies that its terms have already been finalized and accepted for a longer duration, while a Canceled contract is terminated and no longer enforceable. Similarly, an Expired contract has reached the end of its term, and any modifications would not be applicable as it is no longer valid. Therefore, only contracts in the Active state retain the flexibility for adjustments.