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Simple English definitions for legal terms

oral contract

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A quick definition of oral contract:

An oral contract is an agreement made by talking instead of writing it down. Sometimes it's called a parol contract. However, not all oral contracts are considered valid. Each state has different rules about which oral contracts are valid. In California, contracts that involve selling real estate or property interests, long lease periods, or performance in the distant future must be written down to be valid. There are some exceptions, though, for financial contracts that have enough evidence to prove they exist or if there is a written contract that shows the parties intended to be bound by the oral agreement.

A more thorough explanation:

An oral contract is a type of agreement that is made verbally without being recorded in writing. It is also known as a parol contract. However, such contracts may not always be considered valid under certain circumstances as set forth by the various statutes of frauds in each state or under the UCC.

For example, in California, contracts that involve the sale of real property or property interests, secure long lease periods, or stipulate performance or authorize another’s performance in the distant future must be written to be considered valid under California Civil Code § 1624. However, there are exceptions that allow a valid agreement or contract to not fail for lack of memorialization, so long as they are qualified financial contracts and are either supported by sufficient evidence to prove their existence or a prior or subsequent written contract indicates the parties’ intent to be bound by those qualified financial contracts by the time the final agreement is made.

One example of an oral contract could be a verbal agreement between two friends to split the cost of a vacation rental. However, if one friend fails to pay their share, it may be difficult to enforce the agreement in court without a written contract or other evidence of the agreement.

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TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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