The Parol Evidence Rule May Not Apply If

question 18

Multiple Choice

The parol evidence rule may not apply if:

• A) the contract is materially incomplete.
• B) the parties disagree on the meaning of the contract.
• C) there is no ambiguity regarding the terms of the contract.
• D) one party is unable to perform the contractual obligations.

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Definitions:

Information in Action

Information in action signifies the practical use and application of data and information to make decisions, solve problems, or trigger specific processes and activities.

Contextual

Pertaining to or based on the context or surroundings of something, especially words or events that influence meaning or effect.

Relevant

Relevant means closely connected or appropriate to the matter at hand, often used to describe information or data that directly applies to a topic or situation.

Distinct

Clearly different or distinguishable in nature, significance, or characteristics.