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Contract Law Quiz 3
- Course
- PRL 174
- Institution
- Des Moines Area Community College
These are the questions and answers to quiz 3 in Contract Law.
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Rachel Debner1. What is Article 2 of the Uniform Commercial Code (UCC) and in what
Iowa
Code chapter is it codified?
Article 2 of the UCC is Sales and is codified in the Iowa Code in chapter 554.
2. Go to Iowa Code section 554.2106(1). As used in Article 2, what is a
contract limited to?
A contract is limited to those relating to the present or future sale of goods.
3. Go to Iowa Code section 554.2105(1). That section begins as follows:
“Goods” means all things...which are movable at the time of
identification to the contract for sale...” Give an example of a “good”
that is subject to the Article?
An example of a good that is subject to the article is laptop.
4. What is the Restatement 2nd of Contracts and what purpose does it
serve?
The Restatement 2nd of Contracts is a guide to Contract Law, and it’s purpose
is to give lawyers and judges a complete overview of Contract Law.
5. According to the Restatement 2nd of Contracts, Section 1, what is a
contract? Restatement Second of Contracts § 1 – Contracts I Outline
(matthewminer.name)
A contract is a “promise or a set of promises for the breach of which the law
gives a remedy, or the performance of which the law in some way recognizes
as a duty.”
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