Contracts & ExecutionQuestion 840 of 1605
The parol evidence rule generally limits a party's ability to:
a.Testify at all in a contract dispute
b.Introduce evidence of the contract's price
c.Use prior or contemporaneous oral statements to contradict the terms of a final, fully integrated written contract
d.Enforce any written contract
Explanation
The parol evidence rule provides that when the parties adopt a written contract as the complete and final (integrated) expression of their agreement, evidence of prior or contemporaneous oral or written statements cannot be used to contradict or vary the written terms. It promotes the reliability of final writings. It does not bar all testimony, does not forbid proving the agreed price, and does not prevent enforcing written contracts; it limits attempts to alter integrated terms with outside statements.
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Related questions on this topic
- Which type of contractual duty is generally NOT delegable to another party without the other party's consent?
- A 'novation' occurs when:
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- Which of the following is generally an EXCEPTION where evidence outside the written contract may still be admitted despite the parol evidence rule?
- A written contract contains a clause stating, 'This document is the entire and final agreement of the parties, and no other promises apply.' This is known as:
- Termination of a construction contract 'for cause' typically means the contract is ended because:
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