Which of the Following Is True About Contracts That Have

question 24

Multiple Choice

Which of the following is true about contracts that have been subsequently modified?

• A)Parol evidence regarding a contract's subsequent modification is inadmissible.
• B)Oral evidence of a subsequent written agreement is inadmissible.
• C)If the contract's terms require that modification be in writing,oral modifications are admissible.
• D)If the agreement is required to be in writing because it is within the statute of frauds,oral modifications are unenforceable.
• E)Parol evidence contradictory to the final terms is admissible.

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Definitions:

Financial Condition

Financial condition is a broad term that describes the current fiscal health and stability of an individual or entity, considering factors like assets, liabilities, income, and expenses.

Snapshot

A visual or data representation capturing the state or conditions of a system at a particular moment in time.

Asset Turnover Ratio

A financial ratio that measures the efficiency of a company's use of its assets to generate sales or revenue.

Industry Average

A benchmark or average measurement of performance or financial metrics within a particular industry sector.