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Oral contract (view source)

Revision as of 17:25, September 28, 2007

293 bytes added ,  17:25, September 28, 2007
New page: An '''oral contract''' is an agreement that is not in writing, or that is not signed by the parties to the agreement. Many oral contracts are legally binding, but the [[Statute of Frauds]...
An '''oral contract''' is an agreement that is not in writing, or that is not signed by the parties to the agreement.

Many oral contracts are legally binding, but the [[Statute of Frauds]] in most states prohibit enforcement of an oral contract in many circumstances.
[[category:legal terms]]
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