Podcast
Questions and Answers
Which term refers to the process of including additional terms into a contract?
Which term refers to the process of including additional terms into a contract?
- Incorporation of terms (correct)
- Entire agreement clauses
- Express terms
- Parol evidence rule
What does the parol evidence rule relate to in written contracts?
What does the parol evidence rule relate to in written contracts?
- Entire agreement clauses
- Parol evidence rule (correct)
- Express terms
- Incorporation of terms
What is the purpose of entire agreement clauses in contracts?
What is the purpose of entire agreement clauses in contracts?
- To enforce the contract
- To interpret the contract
- To exclude additional terms (correct)
- To include additional terms
What is the distinction between terms and representations in a contract?
What is the distinction between terms and representations in a contract?
What do conditions, warranties, and innominate terms refer to in the context of contract contents?
What do conditions, warranties, and innominate terms refer to in the context of contract contents?
True or false: Express terms are terms that are explicitly stated by the parties in the contract
True or false: Express terms are terms that are explicitly stated by the parties in the contract
True or false: The parol evidence rule applies to written contracts and restricts the use of outside evidence to interpret the contract
True or false: The parol evidence rule applies to written contracts and restricts the use of outside evidence to interpret the contract
True or false: Entire agreement clauses are used to prevent parties from relying on prior oral or written statements that are not included in the contract
True or false: Entire agreement clauses are used to prevent parties from relying on prior oral or written statements that are not included in the contract
True or false: Representations and collateral contracts are the same thing in contract law
True or false: Representations and collateral contracts are the same thing in contract law
True or false: Conditions, warranties, and innominate terms are terms used to classify the obligations and promises in a contract
True or false: Conditions, warranties, and innominate terms are terms used to classify the obligations and promises in a contract
