The Parol Evidence Rule Does Not Prevent the Use of Evidence

question 11

True/False

The parol evidence rule does not prevent the use of evidence that a party would like to use to establish the defense of fraud,duress,or undue influence.

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Definitions:

Equivalent Units

A measure used in process costing that converts partially completed units into a number of fully completed units.

Production Cost

The direct and indirect expenses incurred to manufacture goods or provide services.

Equivalent Units

A concept in cost accounting used to denote the amount of work done on incomplete units, expressed in terms of fully completed units.

Physical Units

A measure of production output or inventory in terms of the actual number of units, as opposed to the cost or value of the units.