The Parol Evidence Rule Prohibits the Introduction of a Specific

question 25

Multiple Choice

The parol evidence rule prohibits the introduction of a specific type of evidence relating to the terms of a contract when the language used in that document is clear.What is the second condition required to invoke the parol evidence rule?

• A) Neither party can prove adverse affects of a documentary mistake.
• B) Neither party is able to support its interpretation of the contract.
• C) The restriction of the contractual content to the document is intentional.
• D) Fraud by one party affecting formation of the contract was intentional.

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Definitions:

UCC

The Uniform Commercial Code, a set of laws that regulate sales and commercial transactions in the United States.

Express Warranties

Explicitly stated assurances provided by a seller to a buyer regarding the quality, condition, or performance of a product or service.

Express Warranty

is a seller’s promise or guarantee that a product will meet certain quality and reliability standards, explicitly stated in the contract or sales agreement.

Credit

The ability of a consumer to obtain goods or services before payment, based on the trust that payment will be made in the future.