Breach (to add after CORE) Flashcards
parol evidence rule
when a contract is completely integrated, evidence of any other prior or contemporaneous oral or written agreements (negotiations) are not admissible to vary or contradict (OK to explain) the terms of the writing
what does it mean for a contract to be completely integrated
parties to a contract have put in writing the final and complete expression of their agreement
what does it mean for a writing to be partially integrated
it is a final expression of the agreement but not a complete expression of the agreement (only reflects part of the agreement, e.g., missing terms)
how may evidence be used with partial agreements
only to supplement (not contradict) partially integrated writing with consistent additional terms
when is writing completely integrated? (2 views)
- if within the plain meaning of the four corners of the contract it appears intended to be the final and complete expression of their agreement
- the existence of extrinsic evidence of an additional term (like an oral statement) shows that the original agreement was not meant to be an integrated contract
parol evidence rule exceptions (4)
- oral condition precedent
- subsequent agreements or modifications
- collateral agreements
- attack validity of written agreement (show it did not become proper K)
parol evidence: oral condition precedent
oral agreement that K would not be effective until a condition occurs
parol evidence: subsequent agreements or modifications
PER only applies to prior/contemporaneous expressions
parol evidence: attack validity of written agreement–what to point to
ambiguous terms, no consideration, mistake, duress, fraud, reformation to correct mistake
default “gap filler” price if missing from CL K
reasonable value
default “gap filler” duration if missing from CL K
employment at will, given assurance of job security
default “gap filler” price if missing from UCC K
reasonable price as of delivery
default “gap filler” time of delivery if missing from UCC K
reasonable time
default “gap filler” time of payment if missing from UCC K
time and place of receipt by buyer
default “gap filler” place of delivery if missing from UCC K
seller’s place of business