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Chapter 12 Written
Chapter 12 Written Contracts
| Term | Definition |
|---|---|
| Collateral promise | Promise to pay a deb |
| Contract of adhesion | contract in which the more powerful party dictates all the important terms |
| Executed contract | contract that has been fully performed |
| Executory contract | contract that has not been fully performed |
| Main purpose rule | exception to a Statute of Frauds provision making a third party liable for an oral promise to pay another's debt if the main purpose of the promise serves the promisor's own interest |
| Parol evidence | spoken words inadmissible in court |
| Parol evidence rule | oral testimony cannot be used to contradict terms in a complete, final, written contract |
| Primary promise | promise to pay another's debt that is not conditioned upon the other person's failure to pay |
| Quasi-contract | obligation that is enforced as if it were a contract in order to prevent unjust enrichment of one party |
| Statute of Frauds | law stating that certain agreements are not enforceable in court unless they are evidenced by a signed writing |
| Integration Clause | contract clause stating that both parties agree that the terms written in the contract constitute the entire and final agreement |
Created by:
cherman218
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