business law chap 12 vocab

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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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 marry.auction sale- a sale in which goods are sold to the highest bidder. Memorandum- a written contract or agreement....
View Full Document

Ask a homework question - tutors are online