Explain the Relationship Between the Parol Evidence Rule and Ambiguous

question 5

Essay

Explain the relationship between the parol evidence rule and ambiguous contracts.

---

Definitions:

UCC

A comprehensive set of legal guidelines governing sales and commercial transactions across the U.S., facilitating consistency and predictability.

Good Faith

An honest intention to act without taking unfair advantage over another party in a transaction.

Commercially Reasonable Manner

A standard requiring that actions taken in a business context comply with what a reasonable person would consider appropriate and fair in the same circumstances.

Merchant

An individual or company engaged in the buying and selling of goods or services in commerce, especially one dealing in a specific commodity or operating in a particular sector.