Which of the Following Is Not True

question 8

Multiple Choice

Which of the following is not true?

• A) The parole evidence rule does not exclude evidence of an oral agreement that the parties may each after they have entered into the written agreement.
• B) Implied terms usually result from long established customs..
• C) The courts will admit evidence of an oral understanding about a condition precedent even when the written contracts specifies that the rights of the parties are governed exclusively by the written contract.
• D) When parties deal expressly with a matter in a contract, a court is not precluded from finding an implied term on the same matter.
• E) The parole evidence rule does not affect the interpretation of express terms already in a contract.

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Definitions:

Break-even Point

The point at which total expenses match total income, leading to neither a loss nor a profit.

Unit Variable Cost

The cost that varies with each unit of product produced, encompassing materials and labor but not fixed costs.

Sales Required

The minimum sales needed to achieve a specific financial goal or to cover costs.

Variable Cost

Costs that vary directly with the level of production or output.