Under the Parol Evidence Rule, Which of the Following Types

question 31

Multiple Choice

Under the parol evidence rule, which of the following types of evidence may be used to vary or contradict the written agreement?

• A)Prior oral or written agreements.
• B)Contemporaneous oral or written agreements.
• C)Subsequent oral or written agreements modifying the original agreement.
• D)Two of the above, (a) and (b).

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Definitions:

Paid-In Capital

The total amount of cash and other assets that shareholders have given a company in exchange for stock.

Real Estate Transactions

The process of transferring the ownership of real property from one party to another, typically involving a seller and a buyer and often facilitated by real estate professionals.

Stockholders' Equity

The remaining value of a company's assets after all liabilities are subtracted, reflecting the equity held by shareholders.

Cash Dividend

A payment made by a company out of its profits to shareholders, usually in the form of cash.