Parol Evidence Question
Posted: Thu Mar 07, 2013 9:45 pm
I've searched around but I have not been able to find the answer to my questions on the parol evidence rule. As a heads up, my contracts professor teaches heavily from the Restatement and UCC. For the PAR, he said it is a three step process: 1) is there partial or complete integration? 2) apply the PRE 3) Interpret. As a general rule, he said we must ask ourselves whether the parties would have naturally included the terms in the contract. So far it all makes sense to me, but here is where I have my two questions.
1. He has also talked about the CA and NY standards when it comes to determining whether there is integration. The CA standard compares the K with the extrinsic evidence and the NY standard just looks at the four corners. Is it right to use these tests with the integration or is this more interpretation?
2. Does the third step in the test, interpration and ambiguity require a Parol Evidence Issue? Or are the same principles used in the third test applicable anytime you have to interpret a contract? Or is this only used when you have to interpret the new terms implemented through the Parol Evidence Rule?
1. He has also talked about the CA and NY standards when it comes to determining whether there is integration. The CA standard compares the K with the extrinsic evidence and the NY standard just looks at the four corners. Is it right to use these tests with the integration or is this more interpretation?
2. Does the third step in the test, interpration and ambiguity require a Parol Evidence Issue? Or are the same principles used in the third test applicable anytime you have to interpret a contract? Or is this only used when you have to interpret the new terms implemented through the Parol Evidence Rule?