The Restatement of Contracts Is Another Name for the UCC

question 82

True/False

The Restatement of Contracts is another name for the UCC.

---

Definitions:

Statute of Limitations

The statute of limitations is a law that sets the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize practices across state lines.

Contractually-agreed-upon

Refers to terms, conditions, or actions that the parties to a contract have expressly decided upon and recorded in the contract.

Breach of Contract

An act of failing to fulfill obligations or terms agreed upon in a contract, which can result in legal action.