Which of the Following Is True of the Parol Evidence

question 65

Multiple Choice

Which of the following is true of the parol evidence rule?

• A) It discourages parties from signing a no-competition clause.
• B) It prevents a party from varying the terms of a written contract by claiming the existence of contradictory oral terms.
• C) It provides a set of exceptions to the statute of frauds.
• D) It prevents the unjust enrichment of a party who has refused to perform pursuant to clear contract terms.

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Definitions:

Project Management

The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

Contingency Plans

Preparatory measures or strategies developed to address potential future events or situations that may affect the execution of a plan or project.

Additional Time

Extra time allocated beyond the originally planned or scheduled duration, often to complete a task or accommodate unforeseen delays.

Starting Phase

The initial period or stage of a process or activity during which things are set in motion.