Parol Evidence Flashcards
1
Q
what is parol evidence
A
After a contract is formed, one party tries to admit oral evidence in the contract
- Prior to or contemporaneous with the contract
2
Q
when Parol Evidence is always allowed
A
a. To prevent fraud or duress;
b. To prove existence of condition precedent;
c. In a sale of goods hypo to show course of dealing (how parties have conducted biz between each other) OR trade / custom (custom in biz/industry)
3
Q
Partial K
A
- consistent, additional terms admitted
- terms that materially alter OR contradict material terms = NOT admitted
PARTIAL K = DEFAULT, unless they tell you it’s final
4
Q
Final K
A
- NOTHING admitted
- parol evidence is INADMISSIBLE
- evidence only admitted if to clear up an ambiguity
NEVER ASSUME K IS FINAL UNLESS THEY TELL YOU