Under the Parol Evidence Rule,which of the Following Types of Evidence

question 12

Multiple Choice

Under the parol evidence rule,which of the following types of evidence may be used to vary or contradict the written agreement?

• A) Prior oral or written agreements
• B) Contemporaneous oral or written agreements
• C) Subsequent oral or written agreements modifying the original agreement
• D) None of these.

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Definitions:

Foreign Direct Investment

An investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

Net Capital Outflows

The difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreigners, indicating the flow of capital from a country.

Trade Deficit

A situation where a country imports more goods and services than it exports, resulting in a negative balance of trade.

Foreign Assets

Investments or properties owned by individuals, companies, or governments in countries other than their own.