Asked by Fallon Elise on Jul 05, 2024
Verified
A fully "integrated" contract under the parol evidence rule is one that:
A) is intended by the parties to include both goods and services.
B) is intended by the parties to include several agreements.
C) is intended by the parties to be a preliminary statement of their agreement.
D) is intended by the parties to be the complete and final statement of their agreement.
Fully Integrated Contract
A legal document that represents the entire agreement between parties, disallowing any external documents or oral agreements to alter the contract terms.
Parol Evidence Rule
A principle in law that prevents parties to a written contract from presenting extrinsic evidence of terms of the contract that contradict, modify, or vary the written terms.
Final Statement
A comprehensive summary that concludes a discussion, document, or process, often giving a clear outcome or decision.
- Comprehend the function and criteria of the parol evidence rule within the context of interpreting contracts.
Verified Answer
Learning Objectives
- Comprehend the function and criteria of the parol evidence rule within the context of interpreting contracts.
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