Contract Law Quiz 3

Rachel Debner



1. 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.”