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1. Office Products enters into a paper-purchase agreement with Accounting Firm to sell all of the printer paper required at Accounting Firm's headquarters. The paper-purchase
1. Office Products enters into a paper-purchase agreement with Accounting Firm to sell all of the printer paper required at Accounting Firm's headquarters. The paper-purchase agreement does not include an ending date. After performing the contract for two years, Accounting Firm wonders when its obligation to purchase paper from Office Products ends. Choose the best answer: A) The paper-purchase agreement terminates after the expiration of a reasonable time. B) The paper-purchase agreement continues until one of the parties provides reasonable notice of termination to the other. C) The paper-purchase agreement terminates only after one party breaches the paper-purchase agreement D) The paper-purchase agreement continues until one of the parties dissolves or becomes insolvent 2. Buyer and Seller enter into a writtencompletely integrated agreement for the sale of 1,230 "standard opening" plastic containers. A dispute arises regarding the meaning of standard opening." Choose the best answer: A) Extrinsic evidence will be admissible to supplement the written agreement . B) Extrinsic evidence will be admissible to contradict the meaning of the written agreement. C) Because the agreement is completely integratedextrinsic evidence will never be admissible in this case. D) Extrinsic evidence of the course of performance will be admissible to explain the meaning of standard opening 3) Courts sometimes will apply default legal rules to address issues the parties did not address in their contract. What is this process called? A) Contract construction B) Contract discovery C) Contract iteration D) Contract interpretation . 4) If one party wants to introduce evidence not included in the parties integrated written contract, to explain the meaning of a term of the parties' contract, what is the best argument for them to advance over a Parol Evidence Rule exception? A) The integrated writing isn't worth the paper it's written on B) The Parol Evidence Rule does not exclude evidence necessary to explain the meaning of an ambiguous term C) The Parol Evidence Rule has been rejected by courts in every jurisdiction of the United States. D) The Parol Evidence Rule only applies to cases involving multiple writings
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