The Parol Evidence Rule Permits Evidence of Oral Contracts Entered

question 11

True/False

The parol evidence rule permits evidence of oral contracts entered into between the parties before they enter into a written agreement.

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Definitions:

Federal Legislation

Laws enacted by the national government that apply to the entire country.

Federal Trade Commission Act

A United States federal law established in 1914 to prevent unfair competition and deceptive practices in the marketplace, creating the Federal Trade Commission.

Robinson-Patman Act

A United States federal law enacted in 1936 to prohibit anticompetitive practices by producers, specifically price discrimination.

Lanham Act

A United States law enacted in 1946 that protects trademarks, service marks, and related intellectual property.