Under the parol evidence rule, the courts will not allow additional information that will alter the contract

Fantastic news! We've Found the answer you've been seeking!

Question:

Under the parol evidence rule, the courts will not allow additional information that will alter the contract when it is a complete agreement.

True or False

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

See More Books

Posted Date: Feb 06, 2024 05:20 AM

See More Questions

FACTS In January 1991, Sandhill and K & B Florida Corporation (K & B), a pharmaceutical retailer, entered into lease agreement (K & B Lease) providing for the rental of a parcel of real...
1. What is the parol evidence rule, and what is the purpose of the rule? 2.Does the oral evidence described in the mini case fall under any exceptions to the parol evidence rule? Why or why not? 3....
Like the statute of frauds, the parol evidence rule admits some exceptions in which parol evidence, normally excluded, may be admissible in court. Through a fictional scenario about pop star Justin...
Explain the concept of recursion in programming and provide an example of a recursive function.
What effect should each of the following have on long-run living standards, according to the neoclassical growth model? a. An increase in the saving rate. b. An increase in the population growth...
Explain how a client process finds the IP address and the port number to be inserted in a remote socket address.
What are some ways you might approach a customer? Would some work better in one situation or another?
You are the manager of a monopoly, and your demand and cost functions are given by P = 200 2Q and C(Q) = 2,000 + 3Q2, respectively. a. What pricequantity combination maximizes your firms profits? b....
1 4 Payroll Project # 1 OCTOBER 2 3 PAYDAY: ( As you complete your work, answer the following questions. ) What is the amount of the debit to Payroll Taxes? $
The following data show the retail price for 12 randomly selected laptop computers along with their corresponding processor speeds in gigahertz. a. Develop a linear equation that can be used to...
Suppose f(x) = x+4 and g(x)=2x+1. Find the value of f(-2)g(-2). D 13 O-24 O 17 O 40
Assume that you have shorted the call option in Problem 2. PROBLEM 2 You own a call option on Intuit stock with a strike price of $$40.$ The option will expire in exactly three months. a. If the...
Assume that you have shorted the put option in Problem 4. a. If the stock is trading at $$8$ in three months, what will you owe? b. If the stock is trading at $$23$ in three months, what will you...
The Galena Barber Shop employs four barbers. One barber, who also serves as the manager, is paid a salary of $\$ 3,200$ per month. The other barbers are paid $\$ 1,400$ per month. In addition,...
Comm3 Company, a communications equipment manufacturer, recently fell victim to an embezzlement scheme masterminded by one of its employees. To understand the scheme, it is necessary to review CommSs...
Anne Ogilvie is the advertising manager for Thrifty Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased...
EVA vs. ROA The following information relates to the operating performance of two divisions of Campbell Food International Company's: 1) Soup and Sauces and 2) Beverages. (all figures are in millions...
The process of collaborative goal setting by a manager and subordinate, the extent to which goals are accomplished is a major factor in evaluating and rewarding the subordinate's performance. It is...
While adjusting a television antenna beside his mobile home and underneath a high-voltage electric transmission wire, Prince received an electric shock resulting in personal injury. He claims the...
Cole was supervisor of the shipping department of Machine Mfg., Inc. In February, Cole found herself in need of funds and, at the end of that month, submitted to Ames, the treasurer of the...
Daniel Martin and John Duke contracted with J&S Distributors, Inc., to purchase a KIS Magnum Speed printer for $17,000. The parties agreed that Martin and Duke would send one half of the money as a...
Inventory Costing: Weighted Average Cost CORNERSTONE 6.6 Refer to the information for Cornerstone Exercise 6-20 above. The company uses a perpetual inventory system. \section*{Required:} Calculate...
Lower of Cost and Net Realizable Value} The accountant for Lahore Company prepared the following analysis of its inventory at yearend. \section*{Required:} 1. Compute the carrying value of the ending...
During 20x7, Dasbol Corporation engaged in two complex transactions to improve the businessselling off a division and retiring bonds. The company has always issued a simple single-step income...

Under the parol evidence rule, the courts will not allow additional information that will alter the contract

Question:

Expert Answer:

The detailed answer for the above question is provided below The statement is mostly True but with s... View the full answer

Smith and Roberson Business Law

Students also viewed these law questions