Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are the exceptions to the parol evidence rule? Which of the following is correct? The parol evidence rule may not apply where one of

What are the exceptions to the parol evidence rule? Which of the following is correct?

The parol evidence rule may not apply where one of the parties can demonstrate that the terms have caused some disadvantage to themselvesThe parol evidence rule will be discarded if it can be demonstrated that there were lengthy discussions taking place before the contract was written upThe exceptions are that there could be customary rules not referred to, that the contract was not entirely in writing or even that some of the words are ambiguous and need further clarification outside the written contractThe parol evidence rule is only a guide; a court in modern times can always look behind the agreement to determine what should be the 'equality of the bargain'

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

324300980, 978-0324300987

Students also viewed these Law questions