Parol Evidence Rule
Definition of "Parol evidence rule"
Rule that prohibits the introduction into a court of law of any oral or written agreement that contradicts the final written agreement. For example, an insurance contract containing clauses and provisions is in writing, and as such this contract cannot be contradicted or modified by any oral statements or agreements that are inadmissible in a court of law.
Popular Insurance Terms
Property to be insured, or that is insured, which is located within the specific geographical region falling under the auspices of the fire department. ...
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Fire that spreads substantial destruction. ...
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number of people born as a percentage of the total population in any given period of time. ...
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