What Is a Purpose of the Parol Evidence Rule

question 25

Multiple Choice

What is a purpose of the parol evidence rule?

• A) To restrict oral evidence from being admitted that supports an agreement in its written form.
• B) To restrict written evidence from being admitted that supports an agreement in its written form.
• C) To restrict oral and written evidence from being admitted that supports an agreement in its written form.
• D) To restrict hearsay from being admitted that supports or contradicts an agreement in its written form.
• E) To restrict evidence from being admitted that substantially contradicts an agreement in its written form.

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Definitions:

Corporations

Legal entities that are separate from their owners, with the ability to own assets, incur liabilities, and engage in business activities.

Other Banks

Financial institutions that provide a range of services including deposits, loans, and investment products, distinct from the context's primary banking entity.

Clearing House Interbank Payments System

A network used by financial institutions to send and receive payments or securities in large volumes, typically for bank-to-bank transactions.

Society of Worldwide Interbank Financial Telecommunications

An international messaging network used by banks and financial institutions to securely transmit information and instructions.