ContractsIntermediateDelaware Exam
What is the 'parol evidence rule' and how does it affect Delaware real estate contracts?
AVerbal agreements made before or during contract formation cannot contradict the written contract's termsCorrect
BVerbal agreements after signing may change the written contract
CParole officers may not sign real estate contracts
DOral amendments to real estate contracts are always enforceable
Why Verbal agreements made before or during contract formation cannot contradict the written contract's terms Is Correct
Answer A: Verbal agreements made before or during contract formation cannot contradict the written contract's terms
The parol evidence rule prevents parties from introducing verbal (parol) evidence to contradict, vary, or add to the terms of a fully integrated written contract. All agreements should be included in the written contract.
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
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