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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def update(self, name, color):
 """Update this label. :param str name: (required), new name of the label :param str color: (required), color code, e.g., 626262, no leading '#' :returns: bool """

        json = None

        if name and color:
            if color[0] == '#':
                color = color[1:]
            json = self._json(self._patch(self._api, data=dumps({
                'name': name, 'color': color})), 200)

        if json:
            self._update_(json)
            return True

        return False