Parol Evidence Can Be Used to Resolve Ambiguities in a Completely

question 71

True/False

Parol evidence can be used to resolve ambiguities in a completely integrated written contract.

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Definitions:

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Co-insurance Clause

A provision in insurance policies that requires the policyholder to bear a portion of the losses to which the insurance applies.

Fireproof

Designed or made resistant to fire or its effects, reducing the risk of fire damage.

Co-insurance Clause

A provision in insurance policies that requires the policyholder to bear a portion of the costs of a claim, encouraging insured parties to not underinsure their assets.