Asked by Lauren Danner on Jul 16, 2024
Verified
A contract that is oral is always enforceable against a party to the agreement who does not wish to follow through with it.
Oral Contract
An agreement made through spoken words rather than written, which can be legally binding under certain conditions.
- Understand the exceptions to the Statute of Frauds that allow for oral contracts to be enforceable.
Verified Answer
NC
Nancy CampanaJul 20, 2024
Final Answer :
False
Explanation :
Oral contracts can be enforceable, but there are exceptions where the law requires certain contracts to be in writing to be enforceable, such as real estate transactions and contracts that cannot be performed within one year.
Learning Objectives
- Understand the exceptions to the Statute of Frauds that allow for oral contracts to be enforceable.