Contract Meaning Flashcards
(6 cards)
1
Q
Parole Evidence
A
Adding more terms to a contract
Must be information discussed prior to or at the time the parties entered into a contract.
2
Q
Is the K a completed or partial integration?
A
then parole evidence is not admissible
3
Q
Merger Clause
A
Final/complete
Parole evidence is not admissible
4
Q
Exception to final/complete intergration
A
Terms added to clear up ambiguity
5
Q
Partial Intergration
A
This is when the K is not complete
-No merger clause
The parole evidence is admissible
Anything that explains or supplement the original terms of the K
Anything that contradicts is not allowed
6
Q
Additional situations when parole evidence is admissible
A
- Any evidence which will show fraud
- Any evidence that will show mistake or duress
- Any evidence that comes in to show an existence of a condition precedent
- Evidence to show custom trade dealing