Common law governs contracts for services and also contracts not otherwise governed by the Uniform Commercial Code.

Question

Quizplus · Accepted Answer

This statement is true. Common law governs contracts for services, which are not covered by the Uniform Commercial Code (UCC), as well as contracts that are not specifically covered by the UCC. The UCC governs commercial transactions involving the sale of goods, while common law fills in the gaps for other types of contracts.

Common Law Governs Contracts for Services and Also Contracts Not