100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Contract Law Quiz 10 $2.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Des Moines Area Community College
  4.  
  5. PRL 174

Other

Contract Law Quiz 10
 0 purchase

These are the questions and answers to Contract Law Quiz 10. In this quiz, the UCC, "usage of trade", "course of dealing", and "course of performance" are discussed.

Preview 1 out of 1  pages

Document information

  • October 25, 2024
  • 1
  • 2024/2025
  • Other
  • Unknown

Subjects

Written for

All documents for this subject (18)

Seller

avatar-seller
racheldebner

Content preview

Rachel Debner

In class we briefly discussed C-Thru Container Corp. v. Midland Manufacturing
Co. 533 N.W.2d 542 (Iowa 1995). In that case, the Iowa Supreme Court
stated that parol evidence may be used to supplement a fully integrated
agreement governed by the U.C.C. if the evidence falls within the definition
of “usage of the trade”. The UCC (See Iowa Code §554.2202) lists two other
types of evidence that may be used to supplement a fully integrated
agreement. In your own words name the other two types of evidence and
describe the similarities and differences between them.
https://www.legis.iowa.gov/docs/code/554.2202.pdf



According to Iowa Code § 554.2202, the UCC allows three types of evidence
to supplement a fully integrated agreement: "usage of trade," "course of
dealing," and "course of performance”. “Course of dealing” refers to the
previous interactions between the parties to the contract, establishing a
common basis for interpreting their current contract. It focuses on their
historical relationship. “Course of performance” relates to the conduct of the
parties during the execution of the current contract, based on repeated
occasions of performance. It reflects how the parties understand and carry
out their contractual obligations. Both “course of dealing” and “course of
performance” provide context beyond the written terms and focus on
behavior and interactions to interpret the agreement. "Course of dealing" is
based on past transactions between the same parties, while "course of
performance" focuses on behavior under the current contract. "Course of
dealing" comes from prior dealings, whereas "course of performance" arises
from actions and responses during the execution of the current agreement.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller racheldebner. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$2.99
  • (0)
Add to cart
Added