With Respect to Parol Evidence and the UCC

question 143

Multiple Choice

With respect to parol evidence and the UCC:

• A) it follows the same rule as the common law
• B) it allows oral testimony to contradict written documents
• C) oral evidence may be used to explain trade dealings
• D) oral evidence may be used even if the court finds that the written documents are complete
• E) oral evidence may never be used

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Definitions:

Certify

To officially recognize, verify, or endorse something as true, valid, or in compliance with a standard.

Federal Law

Legislation enacted by the national government of a country and applicable throughout its jurisdiction.

Insider Trading

The illegal buying or selling of a publicly-traded company's stock by someone who has non-public, material information about that stock.

Solar Power

The conversion of energy from sunlight into electricity, either directly using photovoltaic cells or indirectly through concentrated solar power systems.