Would a Letter Written After the Execution of a Contract

question 23

Multiple Choice

Would a letter written after the execution of a contract and which contained agreements different from those in the written contract be admissible under the parol evidence rule?

• A) No, because it contradicts the terms of the contract.
• B) No, because it changes the agreement.
• C) No, because it explains the agreement.
• D) Yes, it would be admissible, because it is subsequent to the written agreement.

---

Definitions:

Net Income

The net income of a business following the deduction of all taxes, expenses, and costs from its total revenue.

Straight-Line Method

A strategy for calculating the depreciation or amortization of an asset by uniformly allocating its price over the duration of its service life.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders.

Computer Sale

The transaction involving the selling of computer hardware or software to consumers or businesses.