In Which of the Following Situations Does the Parol Evidence

question 65

Multiple Choice

In which of the following situations does the parol evidence rule not apply?

• A) Where a typographical error occurs in the document and obviously does not represent the agreement of the parties.
• B) Where one of the parties to the contract lacks contractual capacity.
• C) The parol evidence rule applies in both of the above situations.
• D) The parol evidence rule does not apply in either (a) or (b).

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Definitions:

Alderfer

Refers to Clayton Paul Alderfer's ERG theory, which condenses Maslow's hierarchy of needs into three core needs: Existence, Relatedness, and Growth.

Motivation Factors

Elements or conditions that encourage a person to act or behave in a certain way, often leading to increased effort and energy towards achieving a goal.

Herzberg's Two-Factor Theory

A theory of motivation proposing that job satisfaction and dissatisfaction arise from two different sets of factors: hygiene factors and motivators.

Adam Smith

Known as the father of modern economics, he was an 18th-century philosopher best known for his theories on free market economics and the invisible hand concept.