Interpretation & Parol Evidence
Posted: Wed Dec 08, 2010 10:49 pm
Hey Guys,
I just wanted to run this by to people to make sure I'm understanding Interpretation and Parol Evidence correctly. If you guys could give me some feedback I'd really appreciate it!
1) If a term is vague or ambiguous, individuals can use parol evidence (if its in writing) to bring evidence in to explain or supplement their contract if it is partially integrated.
2) Court's can look to the traditional approach and only look at four corners of the document OR for the modern approach, they can bring it extrinsic evidence under the exceptions for parol evidence.
Am I understanding this correctly?
I just wanted to run this by to people to make sure I'm understanding Interpretation and Parol Evidence correctly. If you guys could give me some feedback I'd really appreciate it!
1) If a term is vague or ambiguous, individuals can use parol evidence (if its in writing) to bring evidence in to explain or supplement their contract if it is partially integrated.
2) Court's can look to the traditional approach and only look at four corners of the document OR for the modern approach, they can bring it extrinsic evidence under the exceptions for parol evidence.
Am I understanding this correctly?