Contracts
What is the 'parol evidence rule' in Delaware contract law?
AA rule requiring all contracts to include a 'parole' (verbal agreement) summary
BA rule that bars introduction of prior oral or written negotiations to vary the terms of a fully integrated written contract — the written contract is the final agreement✓ Correct
CA rule requiring all real estate contracts to be notarized in Delaware
DA rule allowing verbal modifications to real estate contracts after signing
Explanation
The parol evidence rule bars parties from using evidence of prior oral or written negotiations to contradict or vary the terms of a fully integrated written contract. In real estate, if the purchase agreement says 'sold as is,' a buyer cannot typically introduce prior verbal promises about repairs. All agreements should be in writing and incorporated into the final contract.
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