Parol Evidence Is Testimony or Other Evidence About Communications Between

question 16

True/False

Parol evidence is testimony or other evidence about communications between parties that is not contained in their written contract.

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Definitions:

Restraint of Trade

Legal restrictions imposed on businesses to prevent unfair competition, monopolies, or practices harmful to the market.

Sale of Business

The process of transferring ownership of a business entity from one party to another.

Competing

Engaging in an effort to win or succeed against others, often in a business, sporting, or academic context.

Public Policy

Principles and standards considered to be in the interest of the public and used as a guide in legislative, judicial, or administrative actions.