What are some common misconceptions about verbal agreements?

What are some common misconceptions about verbal agreements?

Many people believe that verbal agreements are not legally binding, but that's not always true.

Can you give me an example of a verbal agreement that is enforceable?

Sure! If two parties agree on the sale of a car verbally and both act on that agreement, it can be enforceable.

What makes a verbal agreement valid?

For a verbal agreement to be valid, it typically needs to include an offer, acceptance, and consideration.

Are there situations where verbal agreements are not enough?

Yes, certain contracts, like real estate transactions, usually require written agreements to be enforceable.