Under the UCC, Parol Evidence May Not Be Used

question 132

Multiple Choice

Under the UCC, parol evidence may not be used:

• A) if there is an unwritten contract between the parties
• B) "if the court does not find the writing to have been intended also as a complete and exclusive statement of the terms of the agreement"
• C) "if the court cannot find the writing to have been intended also as a complete and exclusive statement of the terms of the agreement"
• D) if both parties do not agree
• E) none of the other choices are correct

---

Definitions:

Transformational Change

A profound or radical change that fundamentally alters the culture, values, and operations of an organization leading to significant improvements.

Entrepreneurial Activity

The actions related to starting and managing new ventures, including innovation, risk-taking, and resource management.

Innovation

The act of introducing something new, such as an idea, method, or device, which is aimed to improve processes, products, or services.

Corporate Venturing

The practice of a large company funding new, innovative projects or startups to explore new markets or technologies.