Vicki Entered into a Written Contract to Buy a Car

question 13

Multiple Choice

Vicki entered into a written contract to buy a car from Valley Motors.The written contract included a provision that stated,"This writing is the full and final expression of the parties' agreement;anything said before signing or while signing is irrelevant." This is

• A)an integration clause.
• B)a Statute of Frauds clause.
• C)parol evidence.
• D)an exculpatory clause.

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Definitions:

Indirect Quote

A way of quoting exchange rates in foreign exchange markets, representing the amount of foreign currency required to buy one unit of the domestic currency.

Direct Quote

A direct quote is a foreign exchange rate expressed in terms of how much of the domestic currency is required to buy one unit of the foreign currency.

British Pounds

The official currency of the United Kingdom, denominated as GBP (Great British Pound).

Exchange Rate

The price of one currency in terms of another currency.