Under the Parol Evidence Rule, Which of the Following Types

question 64

Multiple Choice

Under the parol evidence rule, which of the following types of evidence may be used to vary or contradict the written agreement?

• A) Prior oral or written agreements.
• B) Contemporaneous oral or written agreements that change the contract.
• C) Subsequent oral or written agreements modifying the original agreement.
• D) Two of these but not all three.

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Definitions:

Debtor

A party that owes money to another party.

Rejected

Declined or dismissed, often referring to something that does not meet a certain standard or requirement.

Reorganization

A process aimed at restructuring a company's operations, structures, and finances to increase efficiency and profitability, often used in bankruptcy contexts.

Voluntary

Done, given, or acting of one's own free will without valuable consideration or legal obligation.