A Court Has Been Asked to Determine What the Express

question 61

Multiple Choice

A court has been asked to determine what the express terms of a parties' contract encompass,as well as their purpose in accordance with the parties' intentions.Which of the following would most likely be constrained by application of the parole evidence rule with respect to the contract?

• A) expatiated evidence
• B) expedited evidence
• C) extraneous evidence
• D) expunged evidence

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Definitions:

Discretionary Income

The amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities (like food and shelter) have been paid.

Disposable Income

The amount of money an individual or household has to spend or save after taxes have been deducted.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Gross Domestic Product

The complete value, in monetary or market terms, of all final goods and services made within the confines of a nation during a particular time frame.