Vicki Entered into a Written Contract to Buy a Car

question 11

Multiple Choice

Vicki entered into a written contract to buy a car from Valley Motors.During the negotiations,the sales representative said that the car had a two-year full warranty.The written contract included a provision that stated,"This writing is the full and final expression of the parties' agreement; anything said before signing or while signing is irrelevant." The written contract did not include a warranty.Two months after Vicki took delivery of the car,she discovered that the transmission needed to be replaced.Vicki claimed that it was covered by the full warranty.Will Vicki be able to present evidence as to the sales representative's statements concerning the warranty?

• A)No.The parole evidence rule will most likely exclude any evidence of the discussion of the warranty.
• B)Yes.The leading object rule will allow evidence as to the discussion of the warranty.
• C)Yes.The evidence is needed because the contract is ambiguous.
• D)Yes.The contract was fully executed.

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Definitions:

Income Increases

The rise in the amount of money received, typically on a regular basis, for work or through investments.

Law of Demand

A principle stating that, all else being equal, as the price of a good or service increases, the quantity demanded decreases, and vice versa.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where demand and supply are equal.

Equilibrium Price

The cost at which the amount of a product or service that consumers want to buy matches the amount that producers are willing to sell, thereby achieving equilibrium in the market.