Contract Content and Meaning (parole 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

Exception to Final/Complete Integration

Answer 4

• Terms added to clear up an 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