Term
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Definition
| Crime of lying under oath |
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Term
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Definition
| Law stating that certain agreements are not enforceable in court unless they are evidenced by a signed writing. |
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Term
| within the statute of frauds |
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Definition
| Contracts required to be in writing to be enforceable in court. |
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Term
| without the statute of frauds |
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Definition
| Contracts which are not governed by the statute of frauds, thus not required to be in writing. |
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Term
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Definition
| Contract that has been fully performed. |
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Term
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Definition
| Contract that has not been fully performed. |
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Term
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Definition
| Obligation that is enforced as if it were a contract in order to prevent unjust enrichment of one party. |
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Term
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Definition
| Promise to pay a debt or default of another. |
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Term
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Definition
| Promise to pay another's debt that is not conditioned upon the other person's failure to pay. |
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Term
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Definition
| Exception to a statute of frauds provision making a third party liable for an oral promise to pay another's debt if the main purpose of the promise serves the promisor's own interest. |
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Term
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Definition
| Contract clause stating that both parties agree that the terms written in the contract constitute the entire and final agreement. |
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Term
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Definition
| Rule under which oral testimony cannot be used to contradict terms in a complete, final, written contract. |
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Term
| parol evidence (parol statements) |
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Definition
| Spoken words inadmissible in court. |
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Term
| parties' principal objective |
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Definition
| Method of contract interpretation focused on the main goals of the parties to the contract. |
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Term
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Definition
| Contract in which the more powerful party dictates all the important terms. |
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