Parol Evidence Flashcards
Parol Evidence
A party CANNOT introduce a prior or contemporaneous agreement (oral/written) that contradicts a later written contract.
The Parol Evidence Rule DOES NOT apply to subsequent agreements.
Exceptions to Parol Evidence:
1) To correct a clerical error or typo.
2) To establish a defense against the formation.
3) To interpret vague or ambiguous terms (but
courts will interpret using the Plain Meaning
Rule).
4) To supplement partially integrated writing.
Partially Integrated Writing
the writing does not contain a complete statement of all the terms.
− Proof is allowed if it does not contradict the writing.
Fully Integrated Writing
a complete and exclusive statement of terms; discharges prior agreements.
− Merger clause is evidence that the writing is complete on its face (fully integrated).