Assuming the Existence of a Complete and Final Written Contract,the

question 66

Multiple Choice

Assuming the existence of a complete and final written contract,the parol evidence rule would prohibit evidence of:

• A) prior or contemporaneous oral statements that alter,contradict,or add to the terms of the contract
• B) prior or contemporaneous oral statements that explain ambiguities in the contract
• C) subsequent oral statements that modify the contract
• D) A and C

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Definitions:

ROE

Return on Equity is a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how well a company utilizes investments to generate earnings growth.

Current Ratio

The Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, by comparing a company's current assets to its current liabilities.

Inventories

Assets consisting of goods available for sale to customers in the ordinary course of business.

Common Stock

A form of corporate equity ownership, a type of security representing ownership interests in a corporation.