The land with degree of specificity prenuptial

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the land with degree of specificity Prenuptial Agreement oAn agreement two parties enter into before marriage that clearly states the ownership rights each party enjoys in the other party’s property Parol Evidence Rule oStating that oral evidence of an agreement made prior to or contemporaneously with the written agreement is inadmissible whenthe parties intend to have a written agreement be the complete and final version of their agreement Integrated Contracts oWritten contracts within the statue of frauds intended to be the complete and final representation of the parties’ agreement, thus precluding the admissibility of parol evidence other than in certain enumerated expectations Merger clause oOne way parties can indicate their desire to create an integrated contract is though the use of a merger clause oA merger clause explicitly states that the written contract is intended to be the complete and final version of the contract between the parties, besides the one in question, are not part of the final written agreement
Chapter 19Obligors and Obliges oObligor:contractual party who agreed to tender consideration to obligeeoOblige:contractual party who agreed to receive consideration from obligor AssignmentoThe transfer of rights under a contract to a third partyAssignor is the party to a contract who transfers his or her or its rights to a third party Assignee is a party not in privity to a contract who is the recipient of a transfer of rights to a contract Delegation oTransfer of a duty under a contract to a third partyDelegator is the party to a contract who transfers his or her duty to a third party Delegate is the party not in privity to a contract who is the recipient of a transfer of duty to a contract oAfter the delegation, although the delegate is bound to preform, the delegator remains liable if the delegate fails to preform Third-party beneficiary oCreated when two parties enter into a contract with the purpose of benefiting a third party, called the intended beneficiary oThe beneficiary need not be named in the contract, as long as the terms of the contract or events occurring after its creation make it clear who he or she or it is oCreditor beneficiary:a third party that benefits from a contract in which the promisor agrees to pay the promises debtoDonne beneficiary:third party who benefits from a contract in which the promisor agrees to give a gift to the third party oIncidental beneficiary:when the contracting parties do not intend to benefit someone but unintentionally do, that third party is an incidental beneficiary An incidental beneficiary may not sue to enforce the contract
oVesting:an intended beneficiary cannot sue to enforce his/her/its rights to the contract until they vest, or mature such that he/she can legally act upon themBefore a thirds party’s rights have vested, the original contracting parties can make changes to the original contract

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