An Exception to the Parol Evidence Rule Allows

question 19

Multiple Choice

An exception to the parol evidence rule allows

• A) evidence of oral agreement that merely explains the meaning of written terms without changing the terms.
• B) evidence of oral agreements made on contracts that qualify for mandatory arbitration.
• C) evidence of oral agreements made on contracts that qualify for court-annexed mediation.
• D) evidence of oral agreements made at the time of or prior to a written contract that changes the meaning of written terms.
• E) evidence of oral agreements that are designed to favor the party that drafts a contract.

Learn the requirements for maintaining accounting records and internal controls according to different acts.

Comprehend the concept of shelf registration and its implications for companies.

Understand the SEC's filing requirements for different company sizes and phases.

Recognize the different categories and purposes of filings with the SEC.

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Definitions:

Significant Influence

Refers to the power to participate in the financial and operating policy decisions of an investee but is not control or joint control over those policies.

Voting Shares

Shares that give the shareholder the right to vote on corporate matters, such as electing the board of directors and approving policies.

Voting Shares

Shares of a company that give the shareholder the right to vote on corporate matters and board elections.

Associate

An entity over which an investor has significant influence, typically evidenced by owning 20% to 50% of the voting stock, but not control.