Identify and Briefly Describe the Situations in Which the Court

question 41

Essay

Identify and briefly describe the situations in which the court will disregard the parol evidence rule and consider evidence outside the contract.

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Definitions:

Profit Margin

The percentage of revenue that turns into profit after all expenses have been deducted.

Mason

A skilled tradesperson who works with brick, stone, and other durable materials to build or repair structures.

Responsibility Accounting Reports

Financial reports that measure the performance of organizational units or departments, emphasizing the accountability of managers for controllable costs.

Profit Centers

Divisions or segments within a company that are directly responsible for generating profits, evaluated based on their performance.