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:

Risk/Reward Tolerance

An individual's or entity’s capacity to assume risk with the expectation of receiving a corresponding return, balancing between potential gains and losses.

Venture Opportunities

Potential business concepts or markets that offer the chance for financial returns through the creation or expansion of enterprises.

Personal Criterion

An individual standard or principle used to judge or decide something.

Opportunity

A set of circumstances that makes it possible to do something or for something to happen, often leading to potential benefits.