Would a Letter Written After the Execution of a Contract

question 77

Multiple Choice

Would a letter written after the execution of a contract and which contained agreements different from those in the written contract be admissible under the parol evidence rule?

• A) No, because it contradicts the terms of the contract.
• B) No, because it changes the agreement.
• C) No, because it explains the agreement.
• D) Yes, it would be admissible, because it is subsequent to the written agreement.

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Definitions:

Subcontracting

The process of assigning or outsourcing part of the obligations and tasks of a contract to another party, usually to specialize in that aspect of the work.

Ending Inventory

The total value of all inventory that a company has in stock at the end of an accounting period.

Overtime

Additional hours worked by an employee beyond the standard working hours, often compensated at a higher rate than regular hours.

Aggregate Planning

A process in organizations to develop, analyze, and maintain a preliminary, approximate schedule of the overall operations.