Explain the purpose of the parol evidence rule.
What will be an ideal response?
The basic idea behind the parol evidence rule is that when the parties to an agreement have expressed their agreement in a complete, unambiguous writing, the writing is the best evidence of their intent. This is generally true because the terms of the writing are known and irrefutable, whereas oral statements by the parties after a dispute has arisen regarding what they had agreed to may be affected by faulty memory, wishful thinking, or outright bad intent. Even prior writings made by the parties may represent only preliminary subjects of negotiation on which the parties never agreed. So, the parol evidence rule says that a party cannot vary the terms of a written contract by introducing evidence of terms allegedly agreed on prior to, or contemporaneous with (at the same time as), the writing.
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A company made net sales revenue of $500,000, and cost of goods sold totaled $300,000. Calculate its gross profit percentage.
A) 40% B) 60% C) 125% D) 325%
Brand equity has four components — energized differentiation, relevance, esteem, and knowledge. How are these components combined to produce brand strength and brand stature?
What will be an ideal response?
Lamar owns four dry cleaning stores in the suburbs of Orlando, Florida. He recently updated his STP analysis, and has just finished adjusting his marketing mix based on the STP results. His next strategic marketing decision will most likely involve determining
A. when to shift from a customer excellence to an operational excellence strategy. B. how Disney World crowds will impact his business. C. which employees to promote or fire. D. what new government regulations might create opportunities or threats. E. how to allocate resources among his four stores.
The EAR is about 6.09% if the APR is 6.01% and compounding is monthly
Indicate whether the statement is true or false.