Is a binding contract should be in writing?

Answer 1

All contracts should be in writing in order to make them easily enforceable. If not in writing you need to have convincing evidence to cause a judge to find that a contract existed and it was breached. That is not always possible.

The Statute of Frauds provides that certain agreements, especially those that affect real estate and wills, must be in writing. In the United States every state has a version of the Statute of Frauds, which is based on a 1677 English law.

Answer 2

contracts by executors, administrators, or other personal representatives; contracts in consideration of marriage; contracts for the sale of real estate; contracts for the sale of goods exceeding $500

Answer 3

Contract is any agreement between two or more parties who intend to form up a legal agreement , whereby both or one party is bound by the other .

In early Britain there was a rule that for all agreement to be enforce they must be supported by a deed and they must be seal . So with no deed there will be no contract , hence the deed was regarded as an agreement and the sealing was a prove . However not all contracts were formed in such way and the court enforce them too even though much agreement were strike away because the lack of deed . Law of obligation (contract) deal with all sorts of trade as far as from the buying a fright ticket purchasing of a house to normal market , anything that involve the sales and exchanges of valuable properties is governor by the law of contract . Why the court requires that the law should be in written is that the court want to work smooth and the parties can sue each others in efficiency and in inexpensive way . If A formed up a contract with B like ... I A... sold my car (with all the details of the car ) to B... for $400 on this date and both they signed that is mean the contract has completed . Its not a must that all contracts should be in written , contract can be sometimes formed by conducts or imply at that point there might be no need of papers work as its impossible somehow , and sometimes the value to contract matter the more the value is the more the law seek the contract to be in black and white and vise verse . Oral contract are sometimes recognised by court too , in some cases witnesses can be called if they ever been available in the time of . Law is aiming people not to corrupt and to take advantages of others because they are small in size , mind , less educated or they are mental impaired the law is based on morns and principles so they can be follow to avoid those unethic .

Answer 4

There are a number of instance in which a contract has to be in writing. Most deal with real property, or land sales. Most places also require any agreement that will exist for more than a year must be in writing, such as a 2 year lease. Others have monetary limits, anything over a certain amount must be in writing.

Answer 5

A verbal contract can be legally binding also.

Answer 6

Not always, but they are easier to enforce if they are.

Answer 7

Any contract dealing with real property must be in writing. Any contract that is for more than a year has to be in writing.