Chapter 14-Vocab

Question 0

Collateral promise

Answer 0

When one person agrees to pay the debt of another as a favor to that debtor

Question 1

Easement

Answer 1

A legal right that an owner gives to another person to make some use of the owner’s land

Question 2

Executor

Answer 2

The person who is in charge of an estate after someone dies

Question 3

Parol evidence

Answer 3

Refers to anything (apart from the written contract itself) that was said, done, or written before the parties signed the agreement or as they signed it

Question 4

Integrated contract

Answer 4

A writing that the parties intend as the final, complete expression of their agreement

Question 5

Integration clause

Answer 5

A statement clearly proclaiming that this writing is the full and final expression of the parties’ agreement, and that anything said before signing or while signing is irrelevant