In certain circumstances, a verbal agreement will hold up in court. All the elements of a contract must be present: Offer, acceptance, and consideration.
Agreement Consideration Legal Object Competent Parties Legal Form
The word 'contract' is both a verb and a noun.The verb to 'contract' is to make smaller or to become smaller; to acquire or incur; to enter into a formal agreement; a word for an action.The noun 'contract' is a word for an oral or written agreement between parties; a document on which an agreement is written; a word for a thing.The noun forms of the verb to contract are contractor, contraction, and the gerund, contracting.The adjective forms of the verb to contract are contractible, the present participle, contracting, and the past participle, contracted.
According to the statute of frauds, the agreement may be verbal if a witness is present and is sworn under oath.
"Leasing is only beneficial when the present value of the benefits of leasing exceeds the present value of the costs of leasing." - Corporate Financial Management, Third Edition, by Douglas R.Emery, John D.Finnerty, and John D.Stowe
It depends on what the contract is for. If you are agreeing to anything involving real property, the contract must be in writing to be enforceable. However, oral contracts are enforceable for many things.Added: With the exception noted above, in certain instances [i.e.: if witness(es) was present at the agreement and can testify to it], it may be.
If you are planning on making a buy sell agreement, a lawyer should be present so that any legal aspects will be covered. The time necessary for him to be present would depend on his familiarity with the agreement beforehand.
end of contract
No, if the contract never existed than he/she should get a lawyer present to discuss the matter t hand. Certainly they can sue. Whether they will be successful will depend on the agreement and what can be inferred from the actions of the parties. Paying rent and its acceptance certainly would indicate some sort of understanding and a contract could be inferred.
two thirds of the senators present
No, i had a pack that was expired and i talked to my pharmacist about it and she said that they will NOT work if they are expired and there is a chance you can get pregnant. I would not take them after the expiration date.