Contracts
What is the 'parol evidence rule' and how does it affect Nevada real estate contracts?
AIt allows verbal promises made before signing to override written contract terms
BIt generally prevents parties from introducing prior oral or written agreements to contradict, vary, or add to the terms of a final written contract✓ Correct
CIt requires all contracts to be notarized to be enforceable
DIt applies only to commercial leases in Nevada
Explanation
The parol evidence rule holds that a final, integrated written contract represents the complete agreement between parties. In Nevada real estate, verbal promises made before or during contract negotiation generally cannot be used to contradict the written purchase agreement. This is why all agreed terms — repairs, inclusions, credits — must be in writing.
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