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I lost 2 grand this way when I was 17. I chalked it up to an (at the time) expensive life lesson. In retrospect it was cheap. I wonder how many other people lea
by aplummer 11y ago
I lost 2 grand this way when I was 17. I chalked it up to an (at the time) expensive life lesson. In retrospect it was cheap. I wonder how many other people learn the verbal contract lesson the hard way, probably way more than admit it.
- meesles 11y agoThe thing is, that lesson isn't quite right. Contracts do not need to be in writing most of the time unless you meet certain criteria. A verbal contract is as legally binding as one written on a napkin as one written on 30 sheets of legal paper. I'm trying to find the original case law but I can't remember their names. Basically some guy agreed to sell something at a restaurant and then tried to back out later saying he was drunk or joking, the courts enforced the sale.
- karmajunkie 11y agoFor it to be enforceable you have to have proof of what it was, which is very difficult to get unless you have recording of your interactions.
- neekburm 11y agoYou're thinking of Lucy v. Zehmer. https://en.wikipedia.org/wiki/Lucy_v._Zehmer https://en.wikipedia.org/wiki/Lucy_v._Zehmer