What is the parol evidence rule?
A)the rule that requires that persons on parole seek the approval of a court before entering into any contract
B)the rule that requires a party to a contract from adducing evidence from a third party regarding discussions he or she may have had with such a third party about the provisions of a contract
C)a rule that prevents convicted persons on parole from entering into contractual obligations
D)the rule that prevents a party from adding to a contract a term that was previously agreed upon but was not included in the final written contract.
E)The rule that prevents a court from interpreting a contract that is illegal.

Question

Quizplus · Accepted Answer

The parol evidence rule is a rule of contract law that prevents a party from introducing extraneous evidence (i.e. evidence outside of the written contract) to modify the terms of an agreement that is already embodied in a written document. This means that a party cannot introduce evidence of a prior agreement or statement that contradicts the terms of the written contract. The purpose of the rule is to ensure that the terms of a written contract are clear and that oral negotiations that occurred prior to the written agreement are not used to alter the final terms of the contract.

What Is the Parol Evidence Rule