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Promulgated Contract FormsOne_to_four_family_contractMEDIUM

In the TREC One to Four Family Residential Contract, Paragraph 22 addresses the agreement of the parties. It states that the contract constitutes the entire agreement. A buyer claims the seller verbally promised to include a riding lawnmower in the sale, but it is not listed in the contract. Under the contract:

Correct Answer

C) The verbal promise is not part of the contract because the written contract is the entire agreement between the parties

Paragraph 22 establishes that the written contract constitutes the entire agreement between the parties (the 'merger' or 'integration' clause). Verbal promises not included in the written contract are generally not enforceable.

Answer Options
A
The verbal promise is enforceable because Texas allows oral agreements for personal property
B
The buyer can enforce the verbal promise through TREC's complaint process
C
The verbal promise is not part of the contract because the written contract is the entire agreement between the parties
D
The seller must honor the verbal promise if the buyer can provide a witness

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Related Topics & Key Terms

Key Terms:

one_to_four_familyentire_agreementparagraph_22merger_clauseverbal_promise

Related Concepts

Contract termination occurs when a contract is ended or discharged, releasing both parties from their obligations. A contract can be terminated through performance, mutual agreement, operation of law, or breach.

A counteroffer is a response to an original offer that changes one or more terms of the offer, effectively rejecting the original offer and creating a new offer. The party who makes the counteroffer becomes the new offeror.

Earnest money is a deposit made by the buyer at the time of the offer or shortly after to demonstrate good faith and serious intent to purchase the property. It is also called a good faith deposit.

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