business law chap 12 vocab

business law chap 12 vocab - in which the deceased person...

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Ben quach Business law vocab chap 12 Parol evidence rule- the rule that any spoken or written words in conflict with what the written contract states cannot be introduced as evidence in a court of law. Statute of frauds – a law requiring certain contracts to be in writing to be enforceable. Executor- a personal representative named in a will to handle matters involving the estate of a deceased person. Administrator- a personal representative named by the court to perform as the executor would in instances
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Unformatted text preview: in which the deceased person has no left a will. Guaranty-a promise to pay the deb or settle the wrongdoings of another if he or she does not make settlement personally. Prenuptial agreement-an exchange of promises made by persons planning to sale- a sale in which goods are sold to the highest bidder. Memorandum- a written contract or agreement....
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