Which statement best describes the effect of the parol evidence rule?
A) The rule preserves the sanctity of the written agreement.
B) The rule ensures that both written and oral contract terms are given effect.
C) The rule ensures that the true intentions of the parties are given effect.
D) The rule requires all contracts to be in writing to be enforceable.

Question

Quizplus · Accepted Answer

The parol evidence rule limits the ability of parties to present extrinsic evidence (such as oral statements) that would contradict or modify the written terms of a contract, thereby preserving the integrity and finality of the written agreement.

Which Statement Best Describes the Effect of the Parol Evidence