Iowa Code

Iowa Code § 537A.2 (2026)

Consideration implied

✓ current as of July 2026

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All contracts in writing, signed by the party to be bound or by the party’s authorized agent or attorney, shall import a consideration. [C51, §975; R60, §1824; C73, §2113; C97, §3069; C24, 27, 31, 35, 39, §9440; C46, 50, 54, 58, 62, 66, 71, 73, §537.2; C75, 77, 79, 81, §537A.2]

Notes of Decisions

Cited in 10 cases, 1977–2020 · leading case: Kristerin Dev. Co. v. Granson Inv., 394 N.W.2d 325 (Iowa 1986).

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Kristerin Dev. Co. v. Granson Inv., 394 N.W.2d 325 (Iowa 1986). · cites it 4× “Iowa Code § 537A.2; see Insurance Agents, Inc.”

Cent. States Indus. Supply, Inc. v. McCullough, 279 F. Supp. 2d 1005 (N.D. Iowa 2003). · cites it 4× “First, they contend that adequate consideration is presumed under Iowa law, because Iowa Code § 537A.2 provides that “[a]ll contracts in writing, signed by the party to be bound or by the party’s authorized agent or attorney, shall import a consideration.”

Fed. Land Bank of Omaha v. Woods, 480 N.W.2d 61 (Iowa 1992). · cites it 2× “2 (now codified at section 537A.2) and 537.3. Section 537.2 declares that all written contracts signed by the party to be bound shall import a consideration.”

Ins. Agents, Inc. v. Abel, 338 N.W.2d 531 (Iowa Ct. App. 1983). · cites it 4× “" Iowa Code § 537A.2 (1981). This language establishes a presumption of consideration when the agreement sought to be enforced is in writing and signed by the party to be bound.”

Hubbard Milling Co. v. Citizens State Bank, 385 N.W.2d 255 (Iowa 1986). · cites it 2× “We first consider Iowa Code section 537A.2 which provides: All contracts in writing, signed by the party to be bound or by his authorized agent or attorney, shall import a consideration.”

Lovlie v. Plumb, 250 N.W.2d 56 (Iowa 1977). “In essence, plaintiffs contend neither party promised anything except that which each was already legally obliged to do.”

Christina Myers v. Michael J. Myers & Krisanne L. Myers (Iowa Ct. App. 2020). · cites it 4× “”); see also Iowa Code § 537A.2 (2018) (“All contracts in writing, signed by the party to be bound or by the party’s authorized agent or attorney, shall import a consideration.”

Hager v. Davis Transp., Inc., 715 F. Supp. 939 (S.D. Iowa 1989). · cites it 2× “Applying Iowa Code section 537A.2 to this record, defendant failed to present sufficient evidence to generate a jury question on its defense of failure of consideration.”

Charles E. McBeth & Janet M. McBeth, Individually & as Trs. of the Charles E. McBeth & Janet M. McBeth Revocable Trust, dated September 13, 2012 v. Carolyn McBeth (Iowa Ct. App. 2020). · cites it 2× “See Iowa Code §§ 537A.2 (2018) (“All contracts in writing, signed by the party to be bound or by the party’s authorized agent or attorney, shall import a consideration.”

Thornton v. Ankeny State Bank, 453 N.W.2d 240 (Iowa Ct. App. 1990). · cites it 2× “” Iowa Code § 537A.2. “The want or failure, in whole or in part, of the consideration of a written contract may be shown as a defense, total or partial.”

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