Catherine and Jacob Have a Written Contract to Buy and Sell

question 36

Multiple Choice

Catherine and Jacob have a written contract to buy and sell "100 cases of widgets." The 100 cases is a typo,so after signing the contract they orally agree to modify the contract to "1,000 cases of widgets." If later the parties are in litigation concerning the amount of widgets involved in the contract,can evidence of the oral change be introduced into evidence?

• A)No,since this violates the parol evidence rule.
• B)Yes,since both signed the original contract.
• C)Yes,since this is an exception to the parol evidence rule.
• D)No,since this violates the best evidence rule.

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Definitions:

Early Industrialization

The period marked by the transition from manual production methods to more mechanized and factory-based manufacturing, significantly impacting social and economic structures.

Working Conditions

The environment and terms under which employees perform their jobs, including aspects such as hours, safety, and amenities.

Business Perspective

This refers to the viewpoint or approach to decision-making undertaken from the standpoint of business strategy and outcomes.

Perfectly Competitive Labor Market

An idealized labor market scenario where there are many employers and employees, no single entity can influence wages, and all workers are fully informed and mobile.