Which of the Following Is True with Regard to the Parol

question 34

Multiple Choice

Which of the following is true with regard to the parol evidence rule?

• A) It applies only to the oral discussions that do not make it into the final written agreement.
• B) The rule has no bearing on events that have transpired before the contract in dispute was signed.
• C) The rule is concerned only about agreements reached subsequently that may alter the terms of an existing contract.
• D) It does not negate all prior agreements or statements.
• E) The rule applies only in cases where the parties never intended the written contract to be their full understanding and intend it to be partly oral.

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Definitions:

Leasehold Terminates

The expiration or ending of a lease agreement, resulting in the leaseholder's right to occupy the property concluding.

Implied Warranty

A guarantee based on the assumption or legal requirement that a product will meet certain quality and performance standards.

Lease Term

Lease Term refers to the duration for which a lease agreement is effective, detailing the period a lessee has the right to occupy or use the leased property.

Commit Waste

The act of detrimentally altering property, thereby reducing its value, by a tenant or individual in possession of the property.