ADMS 2610 Study Guide - Final Guide: Parol Evidence Rule, Collateral Contract
Document Summary
Learn generally about contracts for necessaries and contract for non- necessaries. See my posting on void, voidable and unenforceable contracts. Chapter 10 the requirements of form and writing etc . For your purposes there is no distinction between a formal contract and a simple contract. For exam purposes simply consider that a contract can be oral, written or implied. Note: this statute imposes a stringent requirement that the contract be in writing for certain types of contracts. If the contract is not in writing, although a contract exists, it will not be enforceable by the courts unless an exception to the written requirement can be found. For your purposes, please learn the sections on the guarantee and. This is a rule that is usually applicable to a written agreement which is said to contain all of the terms of the contract.