1. This chapter must be liberally construed and applied to promote its underlying purposes and policies, which are: a. to simplify, clarify, and modernize the law governing commercial transactions; b. to permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and c. to make uniform the law among the various jurisdictions.
2. Unless displaced by the particular provisions of this chapter, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement its provisions. [S13, §3060-a196, 3138-a56, -b50; C24, 27, 31, 35, 39, §8295, 9657, 9716, 9931, 10002; C46, §487.52, 541.197, 542.56, 554.2, 554.74; C50, 54, 58, 62, §487.52, 493A.18, 541.197, 542.56, 554.2, 554.74; C66, 71, 73, 75, 77, 79, 81, §554.1103] 2007 Acts, ch 41, §3 \n
Notes of Decisions
Sec. State Bank v. Firstar Bank Milwaukee, N.A., 965 F. Supp. 1237 (N.D. Iowa 1997).
· cites it 3× “The second prong of this argument is that the Iowa common-law “lowest intermediate balance rule,” incorporated into the Iowa Commercial Code via Iowa Code § 554.1103 , establishes that the commingled funds are no longer traceable or identifiable as proceeds of Morken’s cattle…”
Johnson v. Land O' Lakes, Inc., 18 F. Supp. 2d 985 (N.D. Iowa 1998).
· cites it 3× “The Johnsons argue strenuously that the economic loss doctrine is not applicable here, because the Iowa UCC does not specifically foreclose their tort claims, but instead provides in Iowa Code § 554.”
In Re W. Iowa Limestone, Inc., 538 F.3d 858 (8th Cir. 2008).
“See Iowa Code § 554.1103 (2) (“Unless displaced by the particular provisions of this chapter [referring to the Iowa UCC], the principles of law and equity, including the law of .”
Flanagan v. Consol. Nutrition, L.C., 627 N.W.2d 573 (Iowa Ct. App. 2001).
“2207(1) provides “[a] definite and seasonable expression of acceptance or a written confirmation which is sent within a reasonable time operates as an acceptance even though it states terms additional to or different from those offered or agreed upon.”
S & S, INC. v. Meyer, 478 N.W.2d 857 (Iowa Ct. App. 1991).
“As it relates to the UCC, we have searched the pleadings and are unable to find reliance on the provisions thereof by the plaintiff. When we review the appellant’s brief, particularly under the “Issue *861 Presented for Review,” our attention is not directed to error predicated…”
Ellefson v. Centech Corp., 606 N.W.2d 324 (Iowa 2000).
“1103, which provides: *332 Unless displaced by the particular provisions of this chapter, the principles of law and equity, including the law-merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion,…”
Folkers v. Britt, 457 N.W.2d 578 (Iowa 1990).
“Iowa Code § 554.1103 (1985). In order to prove equitable estoppel is applicable to a given situation, a party is required to show: (1) that the defendant has misrepresented or concealed material facts, (2) that the party seeking application of the principle lacked knowledge of…”
Theus v. Pioneer Hi-Bred Int'l, Inc., 738 F. Supp. 1252 (S.D. Iowa 1990).
“2d 596, 598 (Iowa 1986) (quoting Restatement (Second) of Contracts § 175(1) (1981)); see also Iowa Code § 554.1103 (1989) (incorporating equitable principle of duress).”
Cambron v. Moyer, 519 N.W.2d 381 (Iowa 1994).
“Iowa Code § 554.1103 ; see generally Warder & Lee Elevator, Inc.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.