The Parol Evidence Rule

question 23

Multiple Choice

The parol evidence rule:

• A) applies to complete written contracts.
• B) prevents proof of fraud.
• C) applies to incomplete contracts.
• D) is not designed to preserve the integrity of written contracts.

---

Definitions:

Material Terms

Significant conditions and details in a contract that are essential to the agreement and affect the parties' obligations and expectations.

Written Contract

A legally binding agreement that has been put in writing and signed by the parties involved.

Anticipatory Repudiation

A declaration by one party in a contract that they do not intend to fulfill their contractual obligations, giving the other party the right to legal remedies before the breach occurs.

Discharge

The release or extinguishment of an obligation, such as a debt or duty, usually upon its fulfillment or through legal processes.