Contracts
NC's 'Parol Evidence Rule' prevents parties to a written real estate contract from:
AMaking verbal offers
BIntroducing evidence of prior oral or written agreements to contradict or vary the terms of the final written contract✓ Correct
CRecording the contract in public records
DModifying the contract with a written addendum
Explanation
The Parol Evidence Rule prevents parties from introducing prior oral or written agreements to contradict the terms of a fully integrated (complete) written contract — the written agreement is presumed to be the final, complete agreement.
Related North Carolina Contracts Questions
- Under NC's NC Offer to Purchase, who is responsible for paying the buyer's closing costs (loan origination fees, title insurance, etc.) by default?
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- In North Carolina, which contract form is most commonly used for residential real estate transactions?
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