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The Nineteenth Amendment

question 30

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The Nineteenth Amendment

Distinguish between the types of contracts that require written evidence and those that do not.
Recognize the role of oral contracts and circumstances under which they are enforceable.
Identify the essential terms that must be included in a contract to make it enforceable.
Understand the concept of parol evidence and its limitations in adding to or varying the terms of a written contract.

Definitions:

Federal Government

A system of government where powers and responsibilities are divided between a national government and smaller administrative divisions.

TIPS

Treasury Inflation-Protected Securities (TIPS) are a form of U.S. Treasury securities designed to help investors protect against inflation, as their principal value adjusts with the inflation rate.

Treasury Bonds

Long-term government bonds issued by the U.S. Treasury, typically with a maturity of 20 to 30 years and offering periodic interest payments.

Inflation Protection

Financial strategies or instruments designed to protect investors from the erosive effect of inflation on investments and purchasing power.

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