oral contract (Meaning)
oral contract (n)
an agreement that is not in writing and is not signed by the parties but is a real existing contract that lacks only the formal requirement of a memorandum to render it enforceable in litigation
Synonyms & Antonyms of oral contract
No Synonyms and anytonyms found
oral contract Sentence Examples
- The oral contract stipulated that the parties would share equally in the profits.
- Despite the lack of a written agreement, the oral contract was binding due to mutual assent.
- The courts uphold oral contracts as long as they meet the elements of an enforceable agreement.
- The oral contract was void because it involved the sale of real estate, which requires a written contract.
- The parties agreed to an oral contract for the purchase of a car, but one party later backed out, violating the terms of the agreement.
- The defendant contested the oral contract, arguing that there was no consideration given in exchange for the promised performance.
- The Statute of Frauds mandates that certain types of contracts, such as those involving the sale of goods over a specified value, must be in writing to be enforceable as oral contracts.
- The oral contract between the roommates established clear guidelines for dividing household chores and expenses.
- The court deemed the oral contract unenforceable due to the lack of a material term, leaving the parties without a legally binding agreement.
- The oral contract was later replaced by a written agreement that superseded the initial verbal agreement.
FAQs About the word oral contract
an agreement that is not in writing and is not signed by the parties but is a real existing contract that lacks only the formal requirement of a memorandum to r
No synonyms found.
No antonyms found.
The oral contract stipulated that the parties would share equally in the profits.
Despite the lack of a written agreement, the oral contract was binding due to mutual assent.
The courts uphold oral contracts as long as they meet the elements of an enforceable agreement.
The oral contract was void because it involved the sale of real estate, which requires a written contract.
