Which of the Following Is True About Contracts That Have

question 72

Multiple Choice

Which of the following is true about contracts that have been subsequently modified?

• A) Parol evidence contradictory to the final terms is admissible.
• B) Parol evidence regarding a contract's subsequent modification is inadmissible.
• C) If the agreement is required to be in writing because it is within the statute of frauds, oral modifications are unenforceable.
• D) Oral evidence of a subsequent written agreement is inadmissible.
• E) If the contract's terms require that modification be in writing, oral modifications are admissible.

---

Definitions:

Monetary Growth

The increase in the money supply in an economy over time, which can influence inflation rates, purchasing power, and economic growth.

Margin Requirements

Regulations set by exchanges or regulators that determine the minimum amount of equity an investor must maintain in a margin account.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing financial services.

New York Stock Exchange

A leading global financial exchange where stocks and other securities are bought and sold, located in New York City.