The ________ comes into effect when a contract describes itself as being complete and final, preliminary or informal agreements made prior to or at the same time the contract was made will be ignored when interpreting it.

Question

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The parol evidence rule is a legal principle that prevents evidence of prior or contemporaneous agreements, promises, or negotiations from being introduced to alter, contradict, or add to terms of a written contract that was intended to be complete and final. This ensures that parties to a contract can rely on the terms set out in the written agreement without fear of unexpected surprises or changes. The choice-of-law clause determines which state's laws govern any disputes that arise, the Ultravires rule prohibits a corporation from acting beyond the scope of its legal authority, and the per se rule is a legal principle used in antitrust law to determine whether certain business practices are inherently anti-competitive.

The ________ Comes into Effect When a Contract Describes Itself