Contracts
Under New York law, a 'merger clause' (also called an 'integration clause') in a real estate contract means:
AThe buyer and seller are merging their assets
BThe written contract represents the entire agreement between the parties and supersedes all prior oral or written representations, agreements, or negotiations✓ Correct
CAll prior contracts between the parties are merged into one
DThe property's title merges with the purchase contract upon signing
Explanation
A merger (or integration) clause states that the written contract is the complete and final agreement between the parties, and that any prior understandings, representations, or agreements not included in the written contract are not binding. This prevents parties from introducing evidence of prior oral agreements that contradict the written contract.
Related New York Contracts Questions
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- In New York, 'earnest money' deposited at contract signing is typically:
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