Discuss the parol evidence rule

Assignment Help Management Theories
Reference no: EM131659077

Question: The Parol Evidence Rule. Carlin Krieg owned a dairy farm in St. Joe, Indiana, that was appraised at $154,000 in December 1997. In August 1999, Krieg told Donald Hieber that he intended to sell the farm for $106,000. Hieber offered to buy it. Krieg also told Hieber that he wanted to retain a "right of residency" for life in the farm. In October, Krieg and Hieber executed a "Purchase Agreement" that provided that Krieg "shall transfer full and complete possession" of the farm "subject to [his] right of residency." The agreement also contained an integration clause that stated "there are no conditions, representations, warranties, or agreements not stated in this instrument." In November 2000, the house was burned in a fire, rendering it unlivable. Hieber filed an insurance claim for the damage and received the proceeds, but he did not fix the house. Krieg filed a suit in an Indiana state court against Hieber, alleging breach of contract. Is there any basis on which the court can consider evidence regarding the parties' negotiations prior to their agreement for the sale of the farm? Explain.

Reference no: EM131659077

Questions Cloud

What is causing the mans disease : A sputum culture grew mycelia and arthroconidia. What organism is most likely the cause of the symptoms? What is causing the man's disease
On what basis might the court refuse to consider evidence : Canopy responded that it could show that the parties had an oral agreement on this point. On what basis might the court refuse to consider this evidence?
Write analysis paper about the highlights of theorys impact : Write an analysis paper about the highlights of theory's impact on public relations - a deeper explanation of the application and/or importance of the theory.
Research about biochemical tests : Using the Internet, research about biochemical tests. Why is it important to have a pure culture and not a mixed culture when performing biochemical tests
Discuss the parol evidence rule : The Parol Evidence Rule. Carlin Krieg owned a dairy farm in St. Joe, Indiana, that was appraised at $154,000 in December 1997.
What human resources considerations : When starting a new business, what human resources considerations do we need to keep in mind when hiring new employees?
Research about antimicrobial agents : Using the Internet, research about antimicrobial agents. What are the four basic methods by which antimicrobial agents work
Evaluate the quality of corporation in terms of management : Evaluate the quality of the corporation in terms of management, the board of directors, and shareholder activism.
How should you handle blood cultures and pathogenic strains : How should you handle blood cultures and pathogenic strains in a laboratory to minimize contamination and eliminate chances of infection

Reviews

Write a Review

Management Theories Questions & Answers

  How does employee participation increase motivation

How does employee participation increase motivation? Describe the steps in the process of behavior modification.

  A work breakdown structure in microsoft project

In my project management class we are currently working on a Work Breakdown Structure in Microsoft Project.  Within my group I am in charge of the initiation tasks.  My question is what are the initiation tasks for opening a coffee shop?

  Discuss the advantages and potential risks

As firms attempt to internationalize, they may be tempted to locate their facilities where business regulation laws are lax. Discuss the advantages and potential risks of such an approach, using specific examples to support your response

  Aspect of management of a virtual organization

Please select a relevant article related to one aspect of management of a virtual organization. Briefly summarize the article and critique the major points. This is not just a report, it is a critical analysis of the article.At least 1 and half page ..

  About solving dynamic programming problems

Consider the following statements about solving dynamic programming problems. Label each statement as true or false, and then justify your answer by referring to specific statements (with page citations) in the chapter.

  Why is spam so attractive to some marketers

Spam on the Internet is a growing problem. Why is spam so attractive to some marketers? To what degree can spam be controlled by laws? Are there other ways that spam might be controlled? How?

  Identify the current gaps or challenges encountered by users

HI5019 STRATEGIC INFORMATION SYSTEMS ASSIGNMENT. Students are also required to identify the current gaps or challenges encountered by users or customers of accounting software/packages and make relevant suggestions or recommendations

  Find the mean number in the queue

Consider the following scenario: the inter-arrival time is exponentially distributed with a mean of 10 minutes and the service time is also exponentially.

  Individuals and to assess what gives them that stature

Discussion: Analyzing leadership (Focused Debate) It is not enough to be able to recognize leaders; rather, the key is to be able to size up such individuals and to assess what gives them that stature.

  What is that number of hours

In California, a svelte= recipient can am $225 per month without having her benefits reduced. Beyond $225, benefits are reduced by 50 cents for every dollar.

  The quantity dis¬count model requires this information

Explain why it is not necessary to include product cost (price or price times quantity) in the EOQ model, but the quantity dis¬count model requires this information.

  Individual as a leader and the leadership style

Discuss (1,250-1,500 words) what you learned about the selected individual as a leader and the leadership style used. Include the following in your discussion:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd