Question

Select the true statement about the Restatement of the Law of Contracts.

a. It is a valuable resource for judges to consult, but it is not formal law.
b. It is the primary source of law for contract cases involving the sale of goods.
c. It must be renewed by Congress every ten years.
d. It completely overturned the contract law that had developed in the common law courtroom.

Answer 1

Answer:

The TRUE statement about the Restatement of the Law of Contracts is:

a. It is a valuable resource for judges to consult, but it is not formal law.

Explanation:

The Restatement of the Law of Contracts are treatises that clarify the general principles of contract common law, to help judges and lawyers in their judgments.  Though it is one of the best-recognized and frequently cited legal treatises in all of American jurisprudence, it remains secondary sources of law.  With the cooperation of judges, legal professors, and other legal experts, it is written and published by the American Law Institute (ALI).