How does the parol evidence rule impact business relationships? In light of this rule, how can contracting
Question:
How does the parol evidence rule impact business relationships? In light of this rule, how can contracting parties reliably alter the terms of a standard form contract?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
Parol evidence is evidence of the parties intentions that is not contained within the four corners o...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Explain the parol evidence rule.
-
What is the parol evidence rule?
-
a) What does the parol evidence state? b) What is an integrated contract? c) What is the source of this dispute? d) Why? e) Was this rule part of Mayo's employment agreement with the University? f)...
-
When researchers find a reasonably complete fossil of a dinosaur, they can determine the mass and weight of the living dinosaur with a scale model sculpted from plastic and based on the dimensions of...
-
The GASB establishes a hierarchy of inputs to determine the fair values of investments. What are the three levels of the hierarchy?
-
Write each expression using only positive exponents. Assume that all variables represent nonzero real numbers. (-b) -6
-
The spin cycle of a clothes washer extracts the water in clothing by greatly increasing the waters apparent weight so that it is efficiently squeezed through the clothes and out the holes in the...
-
Congratulations! You have won a state lotto. The state lottery offers you the following (after-tax) payout options: Option #1: $15,000,000 after five years. Option #2: $2,150,000 per year for the...
-
The income statement and balance sheet are powerful tools that provide essential information about a company's financial performance. profitability, liquidity, and overall financial strength. While...
-
Youve just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual...
-
When is a contractual term ambiguous? Describe how courts resolve disputes over ambiguous terms.
-
You work at a company called CuddleTech (CT). CT operates a website where users can play 3-D interactive video games online. When users create an account for the CT website, they are required to...
-
In a welding process, a current of 400 A flows through the arc when the voltage is 35 V. The length of the arc is about 0.1 in., and the average diameter of the arc is about 0.18 in. Calculate the...
-
The following information was drawn from Gore, Inc. s statement of cash flows. ( 1 ) $ 2 , 0 0 0 net cash outflow from investing activities ( 2 ) $ 3 , 0 0 0 net cash inflow from financing...
-
Consider the price to book ratios of the following companies: Company A: 6.3 Company B: 9.9 Company C: 2.5 Company D: 4.8 Of the four companies, Company C has the a.) highest net income b.) lowest...
-
A company had sales of $600 and costs of $300. Depreciation was an additional $150, and interest paid was $30. Taxes were 40% of pretax income. Dividends were $30. Beginning net fixed assets were...
-
Rewrite the following code, from an IF-ELSE IF statement to a switch statement. if(choice == 5) { var -= } else if(choice == { } 15; var -= 25; } else if(choice { } else { var -= 35; var -= 45; == 4)...
-
(a) (b) State ONE similarity and ONE difference between: i) a scalar quantity ii) a vector quantity. Find the magnitude and direction of the resultant of the three coplanar forces shown in Figure...
-
Explain how to use a normal probability plot to assess normality.
-
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
-
Explain the duty an employer owes under OSHA.
-
Explain who and what is covered by workers compensation.
-
Explain the three main exceptions to the employment-at-will doctrine.
-
A business provides services valued at 1 1 0 0 and sends an invoice to the client. The client has promised to pay in one month. which two accounts will be affected?
-
Rushing's financial statements were finalized on March 3, 2025. Required: 1. What amount(s) if any, related to the situations described should Rushing report among current liabilities in its balance...
-
Monroe Company produces and sells three products. Information regarding these three products for 2024, the most recent year, is provided below: selling price per unit Product #1 $26 variable costs...
Study smarter with the SolutionInn App