LAW 122 Chapter Notes - Chapter 9: Jargon, Equitable Remedy, Parol Evidence Rule

66 views7 pages

Document Summary

Pre-contractual & contractual statements (not on midterm 2) Not every statement communicated during the negotiation process is a contractual term. A statement becomes a contractual term only if it is included in the agreement as a legally enforceable obligation. The person who makes it voluntarily agrees to do something in the future. In contrast, a pre-contractual representation is a statement one party makes by words or conduct with the intention of inducing another party to enter into a contract. It may induce the creation of a contract, but it does not form part of the contract. The distinction b/t the contractual term and pre-contractual representation is especially important if a statement is false. The distinction is important b/c misrepresentation and breach of contract have different legal effects. Pre-contractual representation may result in a form of legal liability, such as actionable misrepresentation, but not in an action for breach of contract.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents