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If you verbally agreed on a sale price with one buyer but still haven't received a contract or deposit can you entertain a substantially higher offer?
Wiki User
∙ 17y ago
You can, but it would be professional and courteous to let the first buyer know you're considering a higher bid and that he should get a contract to you right away. Because you made a verbal agreement, it would be the classsy thing to do to go with the first buyer. A contract for land may not be binding until there is some writing providing evidence of agreement on the important terms. However, it is the nature of contracts that they can be "broken" if there is sufficient advantage to doing so. As long as the new opportunity will cover any damages, then it makes economic sense to go for the higher offer. Of course, if you value your reputation, it must be done fairly and openly with the other bidders. Similarly, claiming to have a higher offer (when you don't) will risk the entire deal AND your reputation.
Wiki User
∙ 17y ago
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Can a person be held to a contract when only one party signed the contract and can the contract be changed verbally without notice?
Written contracts cannot be verbally changed. A contract can be enforced if only one person signs it, particularly against the ones that signed it.
Can a change in the late charge be added on verbally after you sign a contract?
No
What is difference between contract and commitment?
A contract is usually something that is signed and dated and legally binding. A commitment is just something that you have verbally agreed to do.
What is the contract that is stated in written or spoken words considered to be?
It is considered to be an express contract, where the terms and conditions of the agreement are explicitly stated either verbally or in writing.
What are the differences between a simple contract and a formal contract?
simple contract cane be formed as verbally or as writing whereas formal contracts can only be formed as writing.
What is a general agreement?
a contract perhaps? or if you're talking about verbally agreeing with what someone says, it may be "Yay" or "Aye" as in voting.
What is a agreement is called?
a contract perhaps? or if you're talking about verbally agreeing with what someone says, it may be "Yay" or "Aye" as in voting.
Can you put a lien on a business if the owners verbally promised a certain amount of money and never respected the verbally contract between both of us?
Sorry. No. You're learning a hard fact of life. Verbal "contracts" are not legally enforceable. The old saying is very true; "A verbal contract is worth the paper it is printed on."
What is a general agreement called?
a contract perhaps? or if you're talking about verbally agreeing with what someone says, it may be "Yay" or "Aye" as in voting.
If you verbally agreed to a contract for an auto warranty and it was sent to you but you changed your mind and never paid nor signed are you liable?
If they didn't send a copy of a signed contract - probably no. They sent you a contract to sign and you did not do so - then also no. Did you benefit from the warrenty already? Case dismissed.
What is the example of oral contract?
An oral contract is an agreement between two or more parties. It is enforcible, however, most attorneys claim that an oral contract isn't worth the paper that it's written on. Entertainers are often sued for breach of oral contract when they verbally agree to perform somewhere, and then change their mind.
Can a used car dealer verbally add on a late charge for 1 day late months after the contract that was signed said 10 days late there would be a charge?
No, a Signed contract is Legally binding, you would need permission from a courthouse to modify any such contract.
