What Is a Purpose of the Parol Evidence Rule

question 2

Multiple Choice

What is a purpose of the parol evidence rule?

• A)To restrict oral and written evidence from being admitted that supports an agreement in its written form.
• B)To restrict evidence from being admitted that substantially contradicts an agreement in its written form.
• C)To restrict oral evidence from being admitted that supports an agreement in its written form.
• D)To restrict hearsay from being admitted that supports or contradicts an agreement in its written form.
• E)To restrict written evidence from being admitted that supports an agreement in its written form.

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Definitions:

Profitability Ratios

Financial metrics used to evaluate a company's ability to generate profit relative to its revenue, assets, equity, or other financial metrics.

Operating Income

The profit realized from a business's operations after subtracting operating expenses from gross income.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.