PCH: Samuel Goldwyn Henry Fonda
Samuel Goldwyn of movie fame said " A verbal contract is not worth the paper it is printed on" In other words a verbal contract for any thing is worthless and effectively unenforceable from any real stand point. Technically they are legally enforceable but not really provable.
Sam Goldwyn
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!!!!
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."
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.