https://legal.excellentwiki.com/us/contract-law/ Recent content in Contract Law on ExcellentWiki - Legal Encyclopedia Hugo en-US Sun, 05 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/us/contract-law/us-contract-law/ Sun, 05 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/us/contract-law/us-contract-law/ <h2 id="sources-and-scope">Sources and Scope</h2> <p>US contract law derives from the common law of contracts, as restated in the Restatement (Second) of Contracts (1981), and from Article 2 of the Uniform Commercial Code (UCC) for sales of goods. The common law governs contracts for services, real estate, and intangible rights; UCC Article 2 applies to goods — all things movable at identification to the contract (§ 2-102). Every state except Louisiana has adopted the UCC. The Restatement (Second), though not binding, reflects the consensus of American courts.</p>