Quiz 4 Vocab - Test 1 Flashcards

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. Is not a part of the contract

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Identification clause

A

Can be used to Identify the parties, set out addresses, dates, and type of contract

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Body of the Contract

A

sets out the terms, conditions, obligations, and responsibilities of the parties.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
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.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Merger Clause

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
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 person(s) who signed the document.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Scrivener’s Error

A

a typographical error or a drafting defect.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
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 statement or writing contradicts, changes or alters the integrated contract is some way.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Subsequent Agreement

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Boilerplate

A

lauses 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.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Active Voice

A

The subject of the sentence acts. (Example: the builder shall obtain liability insurance before beginning construction).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Passive Voice

A

The subject of the sentence is acted upon. (Example: liability insurance shall be obtained before construction begins).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Severability Clause

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Legalese

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
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.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Proofread

A

to examine a document for errors or omissions or inconsistencies of any kind.

17
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