Business people often sign written agreements on the oral assurance that some of the terms of the written agreement will not be enforced.To sign under written agreements in these circumstances is imprudent because of

Question

Quizplus · Accepted Answer

The parol evidence rule states that oral evidence cannot be used to contradict, vary, or add to the terms of a written agreement. Therefore, relying on oral assurances and signing a written agreement based on those assurances is imprudent because those assurances are not legally enforceable if they are not included in the written agreement.

Business People Often Sign Written Agreements on the Oral Assurance