Parol Evidence Is Not Admissible to

question 39

Multiple Choice

Parol evidence is not admissible to

• A)rectify a mistake in a contractual document.
• B)resolve ambiguities in a contractual document.
• C)enforce a promise that was made during negotiations but was not included in the written document.
• D)prove that a contract is defective.
• E)demonstrate that a document does not contain the parties' complete contract.

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Definitions:

Payable On Demand

A financial obligation that must be paid by the debtor when the creditor requests it.

Definite Time

A specific point or period in time that is clearly defined or determined.

Electronic Transactions

The process of conducting financial or administrative transactions digitally, using technology such as the internet, electronic data interchange, or email.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to the order of a person.