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:

Track Sales

The process of monitoring and recording sales transactions to analyze performance and trends over time.

Goods or Services

Products or activities offered by a business to satisfy customer needs or wants.

Invoice

A document issued by a seller to a buyer, detailing products or services provided, amounts owed, and payment terms.

Memorized Report

A feature in accounting software that allows users to save customized report settings for future use without reconfiguring them each time.