Discussion (WK5)

Discussion (WK5) - Discussion (WK5) Why should you make...

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Discussion (WK5) Why should you make sure all details of an agreement are included in a contract? Read the text to learn about merger clauses (p. 426) and "no modification" clauses (under subsequent agreements, p. 427). If the details of your agreement are not complete, it makes a partially integrated contract that would express the parties final agreement as to some but not all of the terms of their contract. When a contract is only partially integrated, the parties are permitted to use parol evidence to prove the additional terms of their agreement. Even if a contract contains a merger clause, parol evidence could be admissible under one of the following exceptions: explaining ambiguities, circumstances invaliding contract, existence of condition, and subsequent agreements. Business Law, pg 426. Answer question #7 on p. 433. Since a “breach of contract” is a legal concept in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or
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Discussion (WK5) - Discussion (WK5) Why should you make...

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