Use This Graph to Answer the Question

question 52

Multiple Choice

Use this graph to answer the question.
-What were the total sales for the first 6 months of 2009?

• A)$240,000
• B)$366,000
• C)$290,000
• D)$46,000

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Definitions:

Parol Evidence Rule

A rule in contract law that prevents parties from presenting extrinsic evidence of prior or contemporaneous agreements to alter or contradict the terms of a written contract.

Standardized Form Contracts

Contracts that are preprinted and contain set terms and conditions for all parties, typically not negotiable.

Pre-Contract Statements

Statements made by parties involved before a contract is finalized, which may influence the agreement or understanding of the contract.

Consideration

In contract law, the benefit or value that each party agrees to exchange as part of a contractual agreement, which is a requirement for a valid contract.