Subject	Yes, verbal agreements ARE legally binding, so long as
Posted by	ForceFedTT (SoCal) on July 10, 2011 at 11:40 PM
	This message has been viewed 148 times.
In Reply To	Is that actually legally binding in NZ? posted by BoneZ on July 10, 2011 at 09:28 PM
Message	the nature of the transaction doesn't require a writing (Statute of Frauds), e.g., Marriage, Real Property, Debts of Another (co-signing), Contracts that last longer than one year, and the price of goods exceeding $500. I see price of $1100 in this thread, which exceeds $500 and would, therefore, require a writing. This is the Common Law in a majority of States, if not all. By today's standards, the courts acknowledge email as adequate evidence of a written agmt. So, yes, your agmt formed a binding contract. I feel like I'm back in law school again, lol.
Follow Ups	What Would You Do If... - evan_aggie 20:39:31 07/10/11 Have a beer and search for another to buy... (n/m) - Zski 20:47:04 07/10/11 Nothing you can do, but how many say they're... - ttz'in (NorCal) 21:08:24 07/10/11 Such is actually a breach of contract, and unlawfull. - ZILVER-NZ 21:22:11 07/10/11 Is that actually legally binding in NZ? - BoneZ 21:28:11 07/10/11 Yes, verbal agreements ARE legally binding, so long as - ForceFedTT (SoCal) 23:40:51 07/10/11 Time,effort,etc. Ka-Boom goes the cash cannon..lol (n/m) - ttz'in (NorCal) 21:41:56 07/10/11 Yes, an offer and acceptance equals a contract. But, - 240Z FeO2 22:03:31 07/10/11 It wasn't a phone conversation. It is all in text. (n/m) - evan_aggie 22:11:06 07/10/11 sigh... if only more people believed this. I'd have part of - Multi_Read (MO) 00:15:27 07/11/11 Under english mercantile law you are correct, i assume - ztunerz 21:15:01 07/11/11 Next time I would pay for the part. - BoneZ 21:24:51 07/10/11 The only thing dumber than believing someone would - evan_aggie 22:13:58 07/10/11 If you followed that logic, you wouldn't be able - BoneZ 23:36:16 07/10/11 True, however I personally make a distinction between - evan_aggie 10:38:59 07/11/11 As do I. Did you suspect him previous to the interaction, - BoneZ 16:09:40 07/11/11 If you wanna get legally technical.. then, yes, you had - ForceFedTT (SoCal) 23:33:50 07/10/11 Yeah, I confirmed with a lawyer pal: legally binding. I - evan_aggie 09:39:26 07/11/11 Ahh..I see your frustration. Carry-on the vent, then. (n/m) - ForceFedTT (SoCal) 09:46:23 07/11/11 Money talks, and BS walks..... sux, but, what it is man. (n/m) - 1badz32 (MN) 00:21:03 07/11/11 I wouldn't lose much sleep over it. I know about verbal - zellamay 09:52:21 07/11/11 Dont short out your keyboard from the tears (n/m) - ZiNnYc 10:07:31 07/11/11 yea seriously. If it was friend in real life, then i could - Jeffblue 10:10:38 07/11/11 I completely agree with you and at times live by that policy - evan_aggie 10:42:25 07/11/11 Hey some random guy offered me 10g for your motor so..... - ztunerz 21:13:23 07/11/11 Yea, sorry about that Jeff. - ZiNnYc 09:39:43 07/12/11 I'll sympathize with you, - FuerGrissa 10:57:06 07/11/11 What if he would have refused someone right infront of him - supermario680 11:34:11 07/11/11 been there... people do this all the time - vorpalZ 12:15:05 07/11/11
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