Oral Evidence Cannot Be Introduced at a Trial to "Fill

question 60

True/False

Oral evidence cannot be introduced at a trial to "fill in the gaps" of a contract with incomplete terms.

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Definitions:

Operating Activities

Financial transactions and events related to the core business functions of a company, as reported in the cash flow statement.

Accounts Receivable

Accounts receivable represents money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Direct Approach

A communication method in which the main point or decision is presented at the beginning of the message, followed by supporting details.

Indirect Approach

A method used in cash flow statements where net income is adjusted for non-cash transactions, deferred revenues, and expenses to calculate cash flow from operating activities.