Oral Contract for Dummies
noun
What does Oral Contract really mean?
Hey there! I'm here to help you understand the term "oral contract." Now, have you ever made a promise to someone without writing it down? Maybe you promised a friend you would share your snack with them at lunch. Well, that's kind of like an oral contract!
An oral contract is an agreement between two or more people that is made using just spoken words. It's like making a deal or a promise with someone without writing it down on paper. Now, you might be wondering, "Why would anyone make a promise or an agreement without putting it in writing?" Well, sometimes things happen quickly, like in the heat of the moment, and people might not have time to write it down. Other times, people might just trust each other enough to believe that they will keep their word.
Let me give you an example to help you understand better. Imagine you have a friend who owns a really cool toy that you really want to play with. You go up to your friend and say, "Hey, can I borrow your toy for the weekend? I promise I'll take good care of it and give it back to you on Monday." Your friend thinks about it for a second and then says, "Sure, you can borrow it. Just make sure to give it back to me on Monday, okay?" Boom! That's an oral contract right there. You made a promise, your friend agreed, and there you have it - an oral contract.
Now, it's important to understand that while oral contracts are a real thing, they can sometimes be a bit tricky. Why? Well, because they don't have the same level of proof as a written contract. You see, when things are put in writing, it's easier to remember what was agreed upon and there's evidence to support it. But with an oral contract, it can sometimes be difficult to remember the exact details of the agreement, especially if time has passed.
So, in summary, an oral contract is an agreement or promise made between people using only spoken words. It's like making a deal without writing it down. While oral contracts are real, they can be a bit more challenging to prove compared to written contracts.
An oral contract is an agreement between two or more people that is made using just spoken words. It's like making a deal or a promise with someone without writing it down on paper. Now, you might be wondering, "Why would anyone make a promise or an agreement without putting it in writing?" Well, sometimes things happen quickly, like in the heat of the moment, and people might not have time to write it down. Other times, people might just trust each other enough to believe that they will keep their word.
Let me give you an example to help you understand better. Imagine you have a friend who owns a really cool toy that you really want to play with. You go up to your friend and say, "Hey, can I borrow your toy for the weekend? I promise I'll take good care of it and give it back to you on Monday." Your friend thinks about it for a second and then says, "Sure, you can borrow it. Just make sure to give it back to me on Monday, okay?" Boom! That's an oral contract right there. You made a promise, your friend agreed, and there you have it - an oral contract.
Now, it's important to understand that while oral contracts are a real thing, they can sometimes be a bit tricky. Why? Well, because they don't have the same level of proof as a written contract. You see, when things are put in writing, it's easier to remember what was agreed upon and there's evidence to support it. But with an oral contract, it can sometimes be difficult to remember the exact details of the agreement, especially if time has passed.
So, in summary, an oral contract is an agreement or promise made between people using only spoken words. It's like making a deal without writing it down. While oral contracts are real, they can be a bit more challenging to prove compared to written contracts.
Revised and Fact checked by William Taylor on 2023-10-29 14:17:33
Oral Contract In a sentece
Learn how to use Oral Contract inside a sentece
- When you tell your friend that you will lend them your toy for a week and they promise to give it back, that's an oral contract.
- If your neighbor asks you to water their plants while they are away and you agree by saying 'Yes', that's an oral contract.
- When you promise your teacher that you will complete your homework and they promise to give you a sticker, that's an oral contract.
- If your sibling promises to help you with your chores if you let them play with your video game, and you agree by saying 'Okay', that's an oral contract.
- When you agree to share your snacks with your friend during lunchtime, and they promise to share their toys with you in return, that's an oral contract.
Oral Contract Hypernyms
Words that are more generic than the original word.