Contracts
Under Maine contract law, the parol evidence rule means that:
AVerbal contracts are always valid
BPrior verbal agreements are not admissible to contradict a written contract✓ Correct
CAll contracts must be in writing
DAmendments must be initialed by all parties
Explanation
The parol evidence rule prohibits introducing prior oral or written agreements to contradict the terms of a final, integrated written contract.
Related Maine Contracts Questions
- A Maine purchase agreement includes a 'financing contingency' with a 'loan commitment date.' If the buyer fails to apply for the loan in time to meet the commitment date, this is:
- A Maine real estate purchase agreement that lacks a specific closing date is:
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- In Maine, a purchase and sale agreement signed by a minor is:
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- In Maine, a 'bilateral contract' in real estate means:
- A Maine seller accepts an offer contingent on the buyer selling their current home. If the current home does not sell, the purchase contract is:
- A Maine seller receives two offers simultaneously. The seller may:
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