Why is it important for business people to know and understand the parol evidence rule?
Question:
Why is it important for business people to know and understand the parol evidence rule?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Parol evidence is evidence of the parties intentions that is no...View the full answer
Answered By
Abigael martinez
I have been a tutor for over 3 years and have had the opportunity to work with students of all ages and backgrounds. I have a strong belief that all students have the ability to learn and succeed if given the right tools and support. I am patient and adaptable, and I take the time to get to know each student's individual learning style in order to best support their needs. I am confident in my ability to help students improve their grades and reach their academic goals.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0132164429
4th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
Question Posted:
Students also viewed these Business questions
-
Given the parol evidence rule, what is the most reliable method by which two parties can change the terms of a standard form contract?
-
What is the main advantage of receiving the negotiation of an instrument rather than the assignment of a contract?
-
Identify and briefly explain seven types of endorsement.
-
Pettit Printing Company has a total market value of $100 million, consisting of 1 million shares selling for $50 per share and $50 million of 10 percent perpetual bonds now selling at par. The...
-
For one of the following, determine the ratio of the fugacity in the Final slate to that in the initial state tor steam undergoing the isothermal change of stale: (a) From 9.000 kPu and 400C to 300...
-
A worker uses high-pressure water to clean the inside of a long drainpipe. If the water is discharged with an initial velocity v 0 of 11.5 m/s, determine (a) The distance d to the farthest Point B on...
-
In general how have interest rates changed since the late 1980s according to Figure 11.1? FIGURE 11.1 Interest and Inflation Rates, 1988-2010 10p Rate (%) 8 6 10-Year Treasury Bonds 4 2 AAA Corporate...
-
Here are comparative balance sheets for Velo Company. Additional information: 1. Net income for 2014 was $93,000. 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable amounting to...
-
Show that the function is a solution to y(x) = = Ce + Czex d y dy 2y = 0 dx dx for any choice of the constants C1 and C2. Then, determine C1 and C2 so that the initial conditions y(0) = 2 and dxx (0)...
-
Campus Theater adjusts its accounts every month. The company's unadjusted trial balance dated August 31, current year, appears as follows. Additional information is provided for use in preparing the...
-
Ann agreed to provide a car to Bruno in exchange for his promise to pay $8000 to her sister, Claire. Ann actually delivered the vehicle as promised, but Bruno refuses to pay any money to Claire. Is...
-
State and explain the golden rule of interpretation.
-
Sodium ammonium hydrogen phosphate, NaNH 4 HPO 4 , is a salt in which one of the ionizable H atoms of H 3 PO 4 is replaced by Na + , another is replaced by NH 4 + and the third remains in the anion...
-
ABC Industries Income Statement For The Years Ended December 31, 2022 And 2023 2022 2023 Sales $601,000 $589,000 Cost of goods sold 279,000 296,000 Gross profit 322,000 293,000 Operating expenses...
-
Victoria lived in her house as a primary residence from 2013 until November 2021. At that time, she converted the house to a rental property. In November 2022, she sold the property. Victoria files...
-
The POL Consulting Company has the following professional labor costs for the most recent year: Budget Actual Total Clients 75 70 Total Professional Labor Hours 4,500 4,340 Total Professional Labor...
-
He was given the option to live at the lodge if he would also look after the night auditing (the value of his reviews is $500 per month) responsibilities. The value of the motel unit on a monthly...
-
Define the term "APC" and identify the two cell types designated as antigen-presenting cells (APCs). Elaborate on the role of APCs within the immune system. Additionally, discuss the interconnection...
-
Here is a portion of Chuck Schwartz's budget record for April 2016. Fill in the blanks in columns 5 and 6. Note the answers are included. They may be deleted if you wish to use in classroom.
-
I frequently use NY Times and CNN and am aware of Fox News but I never use it. I visit these sites, NY Times and CNN, a few times a week whenever I have to research something or see something on...
-
Explain the advantages and disadvantages of suing in a small claims court.
-
Describe the doctrine of precedent. Explain how it is related to the court hierarchy and to the rule of law.
-
What is judicial review? Briefly explain the manner in which a court will approach the decision of an administrative tribunal during judicial review.
-
Research and discuss financial transactions using a governmental accounting article related to the weekly reading or in a recent publication and prepare a PowerPoint presentation. This presentation...
-
Identify and elucidate two key business risks that may influence the audit of MCL.
-
What does the acronym HIPAA stand for? define it.
Study smarter with the SolutionInn App