Use the Following Graph Shown to Fill in the Table

question 213

Essay

Use the following graph shown to fill in the table that follows.

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Definitions:

Express Contract

A contract in which the terms are explicitly stated and agreed upon by the parties, either verbally or in writing.

Parol Evidence Rule

A legal principle in contract law that prevents parties from presenting extrinsic evidence of terms not included in the written contract.

Oral Evidence

Testimony or information presented in verbal form, as opposed to written or physical evidence, during legal proceedings.

Fraud

A deliberate deception practiced to secure unfair or unlawful gain, often involving financial transactions.