Quiz 4 definitions Flashcards

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0
Q

Identification clause

A

Can be used to identify the parties, set out address, dates, and type of contract

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1
Q

Recital clauses

A

Can be used to set out the offer and the acceptance of the parties; provide background and reasons for the contract. It is not part of the contract

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2
Q

Body of the contract

A

Sets out the terms, conditions, obligations, and responsibilities of the parties

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3
Q

Integration

A

When the parties agree that the document represents the final expression of their agreement, it is referred to as an integrated agreement

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4
Q

Merger clause

A

A clause in the contract that states the document is the complete and final agreement between the parties

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5
Q

Self proving document

A

A document wherein the signature or signatures of the parties are verified and sworn to before a notary public. It can be used as evidence in court without calling in the persons who signed the document

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6
Q

Scriveners error

A

A typographical error or a drafting defect

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7
Q

Parol evidence rule

A

Applies to oral or written statements made prior to the final integrated contract that would be barred from being introduced as evidence because such statements or writing contradicts, changes, or alters the integrated contract in some way

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8
Q

Subsequent agreement

A

An amendment to the original contract. A separate, later agreement that changes or modifies the original agreement

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9
Q

Boiler plate

A

Clauses in contracts that contain standard terms that can be used in all contracts as they are not adapted to the individual parties or circumstances. Language that can be used in any contract

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10
Q

Active voice

A

The subject of the sentence acts.

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11
Q

Passive voice

A

The subject of the sentence is acted upon

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12
Q

Sever-ability clause

A

Clause in the contract that provides in the event that any part of the contract is found to be invalid or Unenforceable, the remainder of the contract shall remain in effect

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13
Q

Legalese

A

Very formal, often archaic, language used in a contract. Language that is used to impress the client

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14
Q

Incorporation by reference

A

A reference to an outside document that is not part of the contract, but which the parties want to make a part of the contract by referencing to it

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15
Q

Proofread

A

To examine a document for errors or omissions or inconsistencies of any kind

16
Q

Notary public

A

Individual authorized by the state to administer oaths and certify documents, as well as attest to the authenticity of the signatures of signees