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According to your textbook, the majority of new tests are based on
Usage of Trade
Established practices or methods commonly accepted and widely adopted in a particular industry or commerce.
Parol Evidence Rule
A legal principle that prevents parties from using oral or extrinsic evidence to contradict a written agreement.
Statute of Frauds
A legal requirement for certain types of contracts, such as those involving real estate, to be in written form to be valid.
Sales Contracts
Sales contracts are formal agreements between a buyer and seller detailing the terms of a transaction of goods or services.
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