Term
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Definition
| certain agreements are required by law to be in writing. If there is no written evidence of the contract, it may not be enforceable |
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Term
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Definition
| secondary promise, is one that is ancillary (subsidiary) to a principle transaction or primary contractual relationship. It is made by a third party to assume the debts or obligations of a primary party to a contract if that party does not perform |
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Term
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Definition
| agreements made before marriage that define each partner's ownership rights in the other partner's property. Must be in writing |
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Term
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Definition
| if a court finds that the parties intended their written contract to be a complete and final statement of their agreement, then it will not allow either party to present parol evidence (testimony or other evidence of communications between the parties that are not contained in the contract itself) |
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Term
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Definition
| if the written contract is intended to be a complete and final statement of the terms of the agreement. If so evidence derived from sources outside the contract itself is excluded |
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