Business Law Question - Relating to Contracts

Question

Hello! I am taking an online business law class where I have a question that reads as follows:

"In a transaction for the sale of an auto painting facility, Bright Auto Colors Company tells Custom Cars Corporation that the paints and other supplies on-site are in­cluded. The contract says nothing about the supplies on-site, but does state, “This document supersedes all oral promises relating to the sale.” Are the supplies part of the sale? Why or why not?"

Would this be a part of the Parol Evidence Rule? From my understanding of the question, I would assume that the supplies mentioned are not considered a part of the sale because they have not been written down. If any transactions or promises have occurred between the company and Custom Cars corporation that have not be written down and have solely been spoken, then BACC is not holding themselves responsible if the paints and supplies are not actually included.

Am I on a totally wrong track?

Thank you in advance!!

Answer 1

Many issues may be discussed in negotiations, but not all are agreed upon. The parol evidence rule is based on the premise that the terms which we discussed and agreed upon are evident in the writing, and those that we only discussed, but failed to agree upon, are not. Without the parol evidence rule, the writing would be useless and inquiry would have the potential to be perpetual. Accordingly, the paints and supplies are not part of the agreement.