Which of the following best describes the Restatement of the Law of Contracts?
A) It is the supreme legal authority for contract law.
B) It is a law which has been adopted, at least in part, by every state.
C) It is a summary of the constitutional provisions affecting contract law.
D) It is a compilation of contract law that is not itself contract law, but is often referred to by judges.
E) It is a compilation of law pertaining exclusively to the Uniform Commercial Code.

Question

Quizplus · Accepted Answer

The Restatement of the Law of Contracts is a compilation of contract law that is not itself contract law, but is often referred to by judges. It provides guidance and can influence the development of contract law, but it is not binding on courts. Therefore, option A and B are incorrect as it is not a supreme legal authority nor has it been adopted by every state. Option C is incorrect as it does not summarize constitutional provisions, but instead summarizes contract law. Option E is incorrect as the Restatement covers more than just the Uniform Commercial Code.

Which of the Following Best Describes the Restatement of the Law