Term
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Definition
| or secondary promise, is one that is ancillary (subsidiary) to a principal transaction or primary contractual relationship; one made by a third party to assume the debts or obligations of a primary party to a contract if that party does not perform |
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Term
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Definition
| if a written contract is intended to be a complete and final statement of the terms of the agreements; excludes extraneous evidence |
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Term
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Definition
| if a court finds that the parties intended their written contract to be a complete and final statement of their agreement, then it will not allow either party to present parol evidence (testimony or other evidence of communications between the parties that are not contained in the contract itself). |
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Term
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Definition
| agreements made before marriage that define each partner's ownership rights in the other partner's property; must be in writing to be enforceable |
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Term
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Definition
| certain agreements are required by law to be in writing; if there is no written evidence of the contract, it may not be enforceable |
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