Not all contract have to be in write, there are verbal contracts as well. To have a contract in writing is best because it is visual proof of what was agreed upon vs. "he said she said".
It will be dependent on the type of contract. Some verbal agreements can be enforced.
An example of a verbal contract could be agreeing to pay a friend $50 for a concert ticket they bought for you over the phone. This agreement, even though not in writing, constitutes a verbal contract.
Yes, you can be sued legally for any verbal contract over $600, so don't joke around!!!!
a verbal contracty is as equally valid as a written one, as long as the party alleging the contract can prove agreement on certain terms
What legal wieght does a verbal contract carry, specifically in regards to an offer to sell an item?
verbal contracts are hard to prove, unless it is recorded
Simple answer: There is no such thing. Contracts MUST be written and signed by bothparties to be legally binding. There is an old saying, "A verbal contract is as good as the paper it is written on."
No.
Verbal agreements are enforceable. There are some contracts that have to be in writing depending on the time frames and whether real property is involved.
The definition of a contract is an agreement (verbal or written down) between two parties.
No. If the person you are entering the verbal contract with fails to include information that would change your mind on entering the contract, the contract will not be valid. It is considered a voidable contract which means that you are at liberty to either accept or deny it. Intentional misrepresentation, not including puffery, in order to form a contract is fraud.