The parol evidence rule will not permit evidence of an oral agreement that is inconsistent with a written term, for as to that term the contract is integrated.
"Parol evidence” is generally oral evidence. It is beneficial and may be admitted under certain circumstances after the parties agree to a final written agreement. For example, if the parties to the contract made a mistake, such as omitting or mistakenly listing a term, parol evidence may be considered.
The parol evidence rule is an evidentiary rule in contract disputes which generally makes evidence of agreements outside the parties' written contract inadmissible. That is, under the parol evidence rule any agreement that is not contained within the written contract is inadmissible in court.
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Answer:
C, gets larger without limit.
Explanation:
A decrease in discount rate ensures that financial institutions can borrow money at a cheaper rate. Since the lending rate of banks are decreased, the amount of available loans/credit is increased which in turn increases the lending activity of the financial institutions.
Simply put, a discount in rates of funds borrowed by a financial institution helps to increase the reserves of the institution as well as increase the supply of money in the economy.
From the question, a larger cash flow rate is obtainable from a decreased discount rates.
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Answer:
1st and 2nd options are correct.
- Its intended goal is to protect the interests of those who hold equity in the bank.
- The amount of capital required depends on the type of assets the bank holds.
Explanation:
Capital requirement for a financial institution, such as a bank is the amount of capital they need to pay off their liabilities. Every bank has a reserve ratio which is a small part of total deposits that is enforced upon banks to fulfill all the liabilities. The intended goal of capital is to protect and preserve the interest of depositors and equity holders. Similarly, the reserve ratio of bank substantially depends upon the type of assets bank holds, for liquid assets, the capital requirement is more as compared to liquid assets. Since more liquid asset means that a bank can convert them into cash instantly which is why the capital requirement is less for liquid assets.
Answer:
A debit to Bonds Payable for $132,000
Explanation:
This is because The face value or face amount of a bond payable is the amount printed on the bond. We always record Bond Payable as the amount we have to pay back which is the face value or principal amount of the bond.
Answer: $153,576,000
Explanation:
At year end, all the costs of inventory have been accounted for and incurred by the company. The inventory left therefore has no costs attached to it.
If Andrews Corp had been able to sell the inventory they had at year end, they would therefore not have incurred any new costs for doing so. The revenue they would have gotten would be equal to the worth of the inventory as is which was $153,576,000.
