Lay days are the number of days that a charterer may keep a chartered ship idle for the loading of goods

When is the parol evidence rule used in contracts?

A) when a written confirmation has not been sent for an oral contract B) when the party against whom the enforcement of an oral contract is sought has not admitted of such a contract in pleadings C) when an oral modification is required in a written contract D) when there is a written statement that contradicts an agreed-on written contract

F.O.B. is the abbreviation for the delivery term

A) free on board B) free of business C) free order business D) free of bill