Parol Evidence Is Admissible to Show Changes After the Written

question 13

True/False

Parol evidence is admissible to show changes after the written contract was made.

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Definitions:

Form 10-K

The annual report that publicly traded companies must file with the SEC.

Securities & Exchange Commission

A U.S. government agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing the stock and options exchanges.

Publicly Traded Companies

Companies that have issued securities through an initial public offering and are traded on at least one stock exchange or in over-the-counter markets.

Audit Committee

A subset of a company's board of directors responsible for oversight of the financial reporting and disclosure process.