An Exception to the Parol Evidence Rule May Arise If

question 42

Multiple Choice

An exception to the parol evidence rule may arise if

• A)both parties want to rescind the contract.
• B)the plaintiff will not be able to successfully claim damages otherwise.
• C)the judge is convinced that the contract would be more effective if it contained additional terms.
• D)Evidence of matter extrinsic to the written document required in order to rectify a mistake made in the written document
• E)the wording of the document is unfair to one of the parties.

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Definitions:

Units

A measure of quantity, such as a piece, item, or standard measurement, used to quantify inventory, production levels, or sales volumes.

Planning Budget

A financial plan that estimates income and expenditures over a specified future period, often used for strategic planning.

Budgeting Formulas

Mathematical expressions used to estimate and plan future financial operations and performance.

Net Operating Income

The profit generated from a company's everyday business operations, excluding taxes and interest.