collateral contract doctrine

collateral contract doctrine
An exception to the parol evidence rule, similar in many respects to the doctrine of partial integration, which permits proof by parol of a separate and independent verbal cuntract between the parties to a written contract under the principle that the parol evidence rule does not affect a purely collateral contract distinct from, and independent of, the written agreement. 36 Am J2d Ev § 1016.

Ballentine's law dictionary. . 1998.

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  • collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… …   Black's law dictionary

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