The Office of Price Administration Attempted to Combat Inflation During

question 22

Multiple Choice

The Office of Price Administration attempted to combat inflation during World War II by

• A)abolishing price controls.
• B)ordering a rapid increase in wages for workers and businesses.
• C)stabilizing and freezing prices.
• D)limiting the number of job opportunities on the West Coast.
• E)shifting away from war production to provide for consumer demand.

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another party, if the latter has relied on that promise to their detriment.

Parol Evidence Rule

A legal rule that excludes the admission of oral statements, written agreements outside the contract, or preliminary agreements in interpreting a written contract.

Parol Evidence Rule

The parol evidence rule is a legal principle that prevents parties in a written contract from presenting external evidence that contradicts or adds to the written terms of the contract.

Statute Of Frauds

A legal concept that requires certain types of contracts to be written and signed in order to be legally enforceable.