A seller of goods on credit required the buyer to obtain a surety to guarantee payment for the goods purchased. Which of the following defenses may the surety use to avoid payment?
I. The seller of the goods committed fraud against the buyer to induce him/her to buy the goods.
II. The seller of the goods committed fraud against the surety to induce the surety to guarantee payment.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II.
C. Both I and II.
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Which statement best describes the effect of the parol evidence rule?
a. The rule preserves the sanctity of the written agreement b. The rule ensures that both written and oral contract terms are given effect c. The rule ensures that the true intentions of the parties are given effect d. The rule requires all contracts to be in writing
Rental schedules for apartments are realistically established on what basis?
a. The cost to build the property. b. The number of occupants a property can house. c. A market comparison of similar apartments. d. Rental data published in local newspapers.