Asked by
Leonardo Barbosa
on Nov 23, 2024
Verified
The parol evidence rule
A) widens the scope to admit into evidence facts proving other agreed terms of a contract.
B) applies to both written and verbal contracts.
C) is circumvented by the existence of a condition precedent.
D) is irrelevant where a written contract cannot be performed within one year.
E) supplies terms to a contract that are otherwise only implied, and by operation of the rule, need not be proven in evidence.
Parol Evidence Rule
A legal principle that prohibits the use of oral evidence to contradict or modify the terms of a written contract.
Condition Precedent
A condition in a contract that must be met before a party's obligation or right becomes effective.
Contract
A legally binding agreement between two or more parties that outlines the terms and conditions for the exchange of goods, services, or other forms of consideration.
- Understand the basics of the Statute of Frauds and its applications in written contracts.
Verified Answer
TM
Learning Objectives
- Understand the basics of the Statute of Frauds and its applications in written contracts.