Contracts
The parol evidence rule states that:
AVerbal promises can supplement a written contract at any time
BA written, integrated contract may not be contradicted by prior oral agreements✓ Correct
CAll real estate contracts must be handwritten
DVerbal contracts for less than $500 are enforceable
Explanation
The parol evidence rule prohibits introducing prior or contemporaneous oral agreements to contradict or vary the terms of a written, integrated (complete) contract. The written contract is presumed to represent the full agreement of the parties.
Related Arkansas Contracts Questions
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