Which of the following is true regarding similarities between American and European contract law?
A) U.S. law is provided guidance through statutory enactments known as the Restatements of the Law, but European law relies entirely on the CISG.
B) U.S. law is provided guidance through the UCC, a federal statutory enactment, but European law relies entirely on the CISG.
C) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments; and Europe has begun crafting its own version of the U.S. Restatement of Contracts.
D) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments, but Europe has disavowed any such similar document choosing instead to rely on the CISG.
E) U.S. law finds guidance in the Restatements of the Law constituting soft law, not statutory enactments; and Europe has disavowed the CISG choosing to follow a code similar to the U.S. Restatements of the Law.

Question

Quizplus · Accepted Answer

U.S. law has found guidance in the Restatements of the Law. The Restatements are soft law because they are not enacted statutorily but are influential. In 2000, Europe began crafting its own version of the Restatement of Contracts: the Principles of European Contract Law, or PECL. The PECL aids in the current debate of whether European nations need a comprehensive statutory code beyond the CISG. The debate is ongoing, and the resolution waits to be seen.

Which of the Following Is True Regarding Similarities Between American