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When May a Court Rule Find Parol Evidence Admissible to Further

question 63

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When may a court rule find parol evidence admissible to further the court's understanding of an agreement?

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Definitions:

Journal Entries

The recordings of financial transactions in a ledger, marking the first step in the accounting cycle.

Year-End Balance

The financial position of an account at the end of the fiscal year after all debits and credits are taken into account.

Paid-In Capital

Funds received from investors in exchange for stock, representing the capital provided by shareholders through the purchase of shares.

Par Value

The stated or principal value of a bond, stock share, or coupon as specified on its certificate or document.

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