Essentials of Business Law Chapter 13
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Parol evidence rule
The rule that any spoken or written words in conflict with what the written contract states cannot be introduced as evidence in a court of law.
Statute of Frauds
A law requiring certain contracts to be in writing to be enforceable.
A personal representative named in a will to handle matters involving the estate of a deceased person.
A personal representative named by the court to perform as the executor would in instances in which the deceased person has not left a will.
A promise to pay the debts or settle the wrongdoings of another if he or she does not make settlement personally.
Antenuptial or prenuptial agreement
An exchange of promises made by a persons planning to marry.
A sale in which goods are sold to the highest bidder.
A written contract or agreement.
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