Which of the following is NOT true?
A)The parol evidence rule does not affect the interpretation of express terms already in a contract.
B)Implied terms usually result from long-established customs.
C)When parties deal expressly with a matter in a contract,a court is not precluded from finding an implied term on the same matter.
D)The parol evidence rule does not exclude evidence of an oral agreement that the parties may each after they have entered into the written agreement.
E)The courts will admit evidence of an oral understanding about a condition precedent even when the written contract specifies that the rights of the parties are governed exclusively by the written contract.

Question

Quizplus · Accepted Answer

The parol evidence rule generally precludes a court from considering external evidence of prior or contemporaneous agreements that contradict, modify, or vary contractual terms of a written contract, implying that when parties have expressly dealt with a matter in the contract, it's unlikely for a court to find an implied term on the same matter, as it would contradict the written agreement's express terms.

Which of the Following Is NOT True