Asked by Amanda Palazzo on May 26, 2024
Verified
Most types of contracts are valid without being written.
Contracts Valid
Agreements between parties that meet all legal requirements to be enforceable.
- Distinguish between oral and written contracts and understand the implications of each under the law.
Verified Answer
BF
Breadboards for BreakfastMay 27, 2024
Final Answer :
True
Explanation :
While some types of contracts must be in writing (such as contracts involving real estate or contracts that cannot be performed within one year), most contracts can be oral or implied through the conduct of the parties. However, it is always advisable to have written contracts for clarity and to avoid disputes over the terms of the agreement.
Learning Objectives
- Distinguish between oral and written contracts and understand the implications of each under the law.