Contracts
The parol evidence rule in contract law means that:
AOral contracts for real estate are unenforceable
BPrior oral agreements cannot be used to contradict the terms of a fully integrated written contract✓ Correct
COnly parties to the contract may testify in court
DWritten contracts take effect only upon notarization
Explanation
The parol evidence rule prevents parties from introducing prior oral or written negotiations to contradict, vary, or add to the terms of a fully integrated written contract. The written contract is presumed to represent the complete agreement.
Related Tennessee Contracts Questions
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