4) When is the Parol Evidence Rule not applicable? A. The

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4) When is the Parol Evidence Rule not applicable?

A. There are implied terms that needs to be satisfied for there to be a contract

B. There are statutory rules that has to be abided by for there to be a contract

C. There is a pre-existing custom with regards to how the contract can be enforced

D. All of the above choices

Which of the following statements is incorrect?

A. The remedies of the innocent party for breach of a warranty depend on the seriousness of the breach

B. The remedies for breach of a condition are repudiation and damages

C. The likely remedy for breach of an innominate term cannot be assessed at the outset of a contractual relationship

D. The remedy for breach of warranty is a legal one and therefore available as of right

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