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oral contract |
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Oral contract A contract not recorded on paper or on computer, but made vocally which is usually enforceable. Oral Contract A contract concluded by mutual agreement between the parties but is not written. In general, an oral contract is equally valid as a written one, though some contracts, such as those dealing with transfers of real estate, must be written. However, oral contracts can be more difficult to enforce in a court of law if there are no witnesses or other evidence attesting to the existence of the oral contract. oral contract A verbal agreement that is enforceable unless it falls within the Statute of Frauds. The problem with most oral contracts is not one of technical enforceability; it is one of proof. Unless both parties to a dispute have a clear recollection of the exact terms of the contract, and they are both truthful, a jury will have to decide whether a contract exists and the terms of that contract. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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According to the London daily Elaph, Amirah said that had an unwritten contract with the owner of 'Rotana,' Prince Walid Bin Talal that she would return the coming season. THIS nation has an unwritten contract with the armed forces. That is the unwritten contract you sign when you have a pet. |
Unwritten contract |
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