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Contract laws are particular to the appropriate level of government. In the US, contract law is by state. Verbal contracts can be considered binding, but some supporting evidence may be called for. Business that make agreements over the telephone likely record the transaction portion of the conversation. However in most states persons entering into a contracts at home (rather than at the seller's place of business) are granted a 30-day right of recision, or cancellation period.

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Q: Contracts over the telephone is valid or not?
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