Contract Content and Meaning (Parol Evidence)

Question 1

Parol Evidence

Answer 1

• Adding more terms to a contract
• Must be information discussed PRIOR TO or AT THE TIME the parties entered the contract

Question 2

Final/ Complete Integration

Answer 2

Parol Evidence is NOT admissible

Question 3

Merger Clause

Answer 3

• Final Agreement between the parties
• Parol Evidence is NOT admissible

Question 4

Exceptions to Complete Integration

Answer 4

Terms added to clear up ambiguity

Question 5

Partial Integration

Answer 5

• Parol Evidence IS admissible
• Evidence that explains or supplements the original K IS admissible
• Evidence that contradicts or materially alters the K is NOT admissible

Question 6

Parol Evidence IS admissible to show

Answer 6

• Fraud
• Mistake
• Duress
• Condition precedent
• Course of Dealing
• Trade custom