The Parol Evidence Rule Does Not Permit Evidence of Oral

question 17

True/False

The parol evidence rule does not permit evidence of oral contracts entered into between the parties before they enter into a written agreement.

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Definitions:

Intangible

Describes assets or value that cannot be physically touched or seen but have importance or worth, such as intellectual property or brand reputation.

Acquisition

The purchase of one company by another.

Economies Of Scale

The cost advantage that arises with increased output of a product, as the fixed costs are spread out over more units of production.

Merger

The combination of two or more companies into a single entity, often with the goal of increasing market share, reducing costs, or gaining access to new markets or technologies.