K Content & Meaning

Question 1

A) Parol Evidence

Answer 1

1) Adding more terms into a contract
2) Must be information talked about BEFORE or AT THE TIME the parties entered into the contract
(a) Usually admissible

Question 2

B) Final/Complete integration

Answer 2

1) Parol Evidence is not admissible

Question 3

C) Merger clause

Answer 3

1) Final Agreement between the parties
2) Parol Evidence is not admissible
(a) unless terms added to clear up an ambiguity

Question 4

D) Partial Integration

Answer 4

1) Parol Evidence IS admissible
2) Evidence that explains or supplements the original contract IS admissible
3) Evidence that contradicts or materially changes the contracts is NOT admissible