The Parol Evidence Rule Holds That When Persons Have Signed

question 38

True/False

The parol evidence rule holds that when persons have signed a contract as their final and complete expression of intention (integrated contracts), then neither party may introduce in court any evidence of prior or contemporaneous oral or written material that adds to or modifies that written contract.​

---

Definitions:

Tenancy at Will

A lease agreement that can be terminated at any time by either the landlord or the tenant without any prior notice.

Notice to Quit

A formal declaration often used in real estate to notify a tenant that they must leave the property by a specified date.

Leasehold Interest

The interest that a tenant possesses in the property they lease, including rights to use and occupy the property.

Tax Advantage

Financial benefits that reduce a taxpayer's monetary burden, often associated with particular investments, savings accounts, or transactions.