Practice Quiz

Paralegal Exam Prep

Category - Contracts

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Contracts may be governed by what type of law?
  1. Uniform Commercial Code
  2. Common law
  3. Private law
  4. Civil law
  5. All of the above.
Explanation
Answer: E. Contracts may be governed by the Uniform Commercial Code, common law, private law, or civil law. The Uniform Commercial Code governs contracts for the sale of goods. Common law governs contracts that do not fall under the UCC. Parties to a contract can agree on rules, otherwise known as private law, that would not otherwise apply to their contract.
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