Contracts
In Oregon, what is the concept of 'parol evidence rule' in contract interpretation?
AEvidence from a parole hearing affecting a real estate buyer
BA rule limiting the use of prior oral or written statements to contradict, vary, or add to the terms of an integrated written contract✓ Correct
CEvidence about a property's condition from prior owners
DOregon's rule about verbal modifications to written contracts
Explanation
The parol evidence rule prevents parties from introducing prior oral agreements or negotiations to contradict or vary the terms of a fully integrated written contract. In Oregon real estate, once a purchase agreement is fully integrated (contains an integration clause), the parties generally cannot introduce prior verbal discussions to change the written terms — the written document is the final expression of their agreement.
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