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Your generalization is backwards. In general, US contracts do not need paper memorializing. The majority of transactions are not memorialized. Specific types o
by checkyoursudo 8y ago
Your generalization is backwards. In general, US contracts do not need paper memorializing. The majority of transactions are not memorialized.
Specific types of transaction and certain value thresholds require memorializing.
Facts and circumstances are required to support verbal contracts, but in general verbal contracts very much are enforceable.
- gamblor956 8y agoYes, of course. I'll ignore the law that I actually learned in law school and in the actual practice of litigating contracts for what some guy said on the internet... There's a reason I brought up the falling apple example. Verbal contracts are enforceable--if they satisfy the same requirements as written contracts. On top of that, the terms of a verbal agreement must be corroborated by other evidence outside of the verbal agreement itself in order to survive litigation--and the trend in the US legal system is to require more supporting evidence.