1. Which of the following states that parties to a written contract may not introduce oral evidence to change written terms?
a. The statute of frauds
b. Concurrent conditions
c. The parol evidence rule
d. Conditions subsequent
2. Windy and Ruby plan to present a paper on intellectual property rights. They decide that Windy will present the arguments in favor of intellectual property rights and that Ruby will argue how intellectual property rights could be detrimental to businesses and their customers. Which of the following is most likely to be Ruby’s argument?
a. ?Intellectual property rights reduce businesses’ prospects of economic return on investment.
?b. Intellectual property rights reduce the pace of research and development drastically.
?c. Intellectual property rights result in a decrease in the availability of products.
?d. Intellectual property rights do not allow businesses to charge premium prices for their products.