Which of the following is true of the parol evidence rule?
A) It discourages parties from signing a no-competition clause.
B) It prevents a party from varying the terms of a written contract by claiming the existence of contradictory oral terms.
C) It provides a set of exceptions to the statute of frauds.
D) It prevents the unjust enrichment of a party who has refused to perform pursuant to clear contract terms.
B
You might also like to view...
Which of the following is not a reason for a corporation to acquire treasury stock?
A) to reduce the likelihood of being acquired by another company B) to maintain the market price of the company's stock C) to reduce the earnings per share D) to be used in the acquisition of other companies
For projects financed from borrowed funds, the hurdle rate must exceed the interest rate paid on the borrowed funds.
Answer the following statement true (T) or false (F)
Which of the following defenses may be raised by an accountant under Section 11 of the 1933 Securities Act?
a. Privity and due diligence. b. Privity, but not due diligence. c. Due diligence, but not privity. d. Neither privity nor due diligence.
Which of the following is LEAST likely a result of shifts in the cultural and social environment?
A. BMW builds its new plant in South Carolina because of the willingness of "Sun Belt" workers to put in a "full day's work." B. A toy manufacturer recalls a playpen with a defective latch, and Toys 'R' Us stores removes the playpens from the shelf. C. Haagen-Dazs introduces a nonfat yogurt that is also "low cal." D. Sony recruits more women graduates for sales management positions. E. Domino's Pizza finds that demand for pizza delivered at home has expanded as more consumers are willing to pay for more convenience.