Which of the following best defines parol evidence rule?
A) It states that contracts for the sale of goods priced at $500 or more must be in writing to be enforceable.
B) It requires that all contracts should be written, whatever their form, and be signed by the party against whom enforcement is sought.
C) It states that any oral or written words outside of the four corners of a written contract are inadmissible in court regarding a dispute over a contract.
D) It requires that a contract entered into by parties prior to marriage that defines their ownership rights in each other's property must be in writing.

Question

Quizplus · Accepted Answer

The parol evidence rule is a legal principle that prohibits the introduction of any extrinsic evidence (oral or written) that contradicts, modifies, or adds to the terms of a written contract that is intended to be the final and complete expression of the parties' agreement. In other words, any prior or contemporaneous agreements, understandings or negotiations between the parties, as well as any subsequent oral or written agreements, are not admissible in court to interpret, vary, or supplement the written contract. The purpose of the rule is to promote the stability, predictability, and certainty of contractual relationships by ensuring that the parties' intentions are memorialized in a single, reliable document.

Which of the Following Best Defines Parol Evidence Rule