Iowa Code

Iowa Code § 554.2301 (2026)

General obligations of parties

✓ current as of July 2026

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The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the contract. [C24, 27, 31, 35, 39, §9940, 9970; C46, 50, 54, 58, 62, §554.12, 554.42; C66, 71, 73, 75, 77, 79, 81, §554.2301]

Notes of Decisions

Cited in 2 cases, 1980–2018 · leading case: Rexing Quality Eggs v. Rembrandt Enter., Inc., 360 F. Supp. 3d 817 (S.D. Ind. 2018).

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Rexing Quality Eggs v. Rembrandt Enter., Inc., 360 F. Supp. 3d 817 (S.D. Ind. 2018). “" Iowa Code § 554.2301 . While the UCC contains default allocations for risks and burdens between the parties, contracting parties "may not only shift the allocation but may also divide the risk or burden.”

Leonard Steinmetz & Adah Steinmetz & Winnebago Indus., Inc. v. The Bradbury Co., Inc., 618 F.2d 21 (8th Cir. 1980). “The basic obligation of buyers under sales contracts is the obligation to pay the price, Iowa Code § 554.2301 (UCC § 2-301), and we are not aware of any cases under Iowa law (or in other jurisdictions) finding any implied duty of a buyer except where necessary to effectuate…”

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