Parol Evidence About the Content of a Document Is

question 16

Multiple Choice

Parol evidence about the content of a document is:

• A)any copy of the document other than the original.
• B)testimony introduced when no documents are available.
• C)a photocopy of the original document made in the line of business.
• D)all of these are admissible as parol evidence

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Definitions:

Debit Machinery

An accounting entry that reflects an increase in the value of machinery assets on the balance sheet.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.