Discuss the similarities or possible differences between the parol evidence rule under the common law of contracts and the parol evidence rule found in Article 2
The basic statement of the Code parol evidence rule is not significantly different from the parol evidence rule under the common law of contracts: contractual terms that are set forth in a writing intended by the parties as the final expression of their agreement may not be contradicted by evidence of any prior agreement or of a contemporaneous oral agreement. However, the Code contains a provision which allows the contractual terms to be explained or supplemented by course of performance, course of dealing, or usage of trade and evidence of consistent additional terms as long as the writing was not intended as an exclusive statement of the terms of their agreement.
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Suggestive trademarks gain trademark protection only if they have acquired a secondary meaning.
Answer the following statement true (T) or false (F)
Insurance on a computer installation is an example of a(n) ____ cost
a. tangible b. intangible c. indeterminate d. variable
At the beginning of 2021, Angel Corporation began offering a 1-year warranty on its products. The warranty program was expected to cost Angel 4% of net sales. Net sales made under warranty in 2021 were $180 million. Five percent of the units sold were returned in 2021 and repaired or replaced at a cost of $5.3 million. The amount of warranty expense in Angel's 2021 income statement is:
A. $27.0 million. B. $5.3 million. C. $7.2 million. D. $9.0 million.
Through analysis of sales data, Price-Cutters retail store found that customers who bought peanut butter also tended to buy bananas. Price-Cutters was engaged in
A. behavioral analysis. B. syndicated surveying. C. structured sampling. D. focus group analysis. E. data mining.