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Chapter 14 Notes - 2

Chapter 14 Notes - 2 - o Voidable or void contracts o...

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Ch. 14 Parol Evidence Rule – a substantive rule of contracts, as well as a procedure rule of evidence, under which a court will not receive into evidence the parties’ prior negotiations, prior agreements, or contemporaneous oral agreements if that evidence contradicts or varies the terms of the parties’ written contract Exceptions to the Parol Evidence Rule: o Contracts subsequently modified
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Unformatted text preview: o Voidable or void contracts o Contracts containing ambiguous terms o Incomplete contracts o Prior dealing, course of performance, or usage of trade o Contracts subject to an orally agreed-on condition precedent o Contracts with an obvious or gross clerical error • Integrated Contract – a written contract that constitutes the final expression of the parties’ agreement...
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