Business Law

  1. A secondary promise that is ancillary (subsidiary) to a principal transaction or primary contractual relationship, such as a promise made by one person to pay the debts of another if the latter fails to perform. A ____ normally must be in writing to be enforceable.
    Collateral Promise
  2. A written contract that constitutes the final expression of the parties' agreement. If a contract is integrated, evidence extraneous to the contract that contradicts or alters the meaning of the contract in any way is inadmissible.
    Integrated Contract
  3. A term that originally meant oral evidence, but which has come to refer to any negotiations or agreements made prior to a contract or any contemporaneous oral agreements made by the parties.
    Parol Evidence Rule
  4. An agreement made before marriage that defines each partner's ownership rights in the other partner's property. _____ must be in writing to be enforceable.
    Prenuptial Agreement
  5. A state statute under which certain types of contracts must be in writing to be enforceable.
    Statute of Frauds
Card Set
Business Law
Statute of Frauds - Writing Requirement