What was the original issue? I didn't receive it from the list.
Also, don't contracts over $500 have to be in writing (excluding promissory
estoppel, detrimental reliance, etc.) according to the Statute of Frauds?
There can be verbal contracts for under $500 assuming that there is an offer
(i.e. I'll sell you something), consideration (i.e. this is how much I want
for the something), acceptance that is communicated to the seller (i.e.
okay, I'll pay you the amount your asking for the something), and that the
offer is not revoked prior to acceptance. I believe once that occurs, you
have the elements of a contract (the above applies ot both written and
verbal contracts).
Is that correct? Also, don't mean to create an attorney/clent relationship,
just info. I may be wrong (I often am!!). I mean, look at my clutch
bleeding problems!!
Allen
1970 2000
Wenatchee, WA
>From: SLBESQ@aol.com
>Reply-To: SLBESQ@aol.com
>To: datsunmike@nyc.rr.com, datsun-roadsters@autox.team.net,
>datsunroadsters@yahoogroups.com
>Subject: Re: [datsunroadsters] Fwd: help with posting
>Date: Fri, 21 Mar 2003 01:54:45 EST
>
>In a message dated 3/21/03 3:19:52 AM Pacific Standard Time,
>datsunmike@nyc.rr.com writes:
>
> > In what I learned at school, a verbal contract is binding although no
> > consideration (aka money) has been exchanged. I believe an attorney's
> > letter
> > could shake him up but find out how much it would cost first and see if
> > it's
> > worth the effort.
> >
> > Yes, some people are slimy scum.
> >
> > Mike
> >
>
>hi everyone
>
>this discussion is for information purposes only and is not intended to
>creat
>an attorney client relationship. keep in mind that contract law varies
>from
>state to state. i'm in california.
>
>promises (offers)(verbal or written) are usually not enforceable without
>consideration. the exception is called promissory estoppel. this
>exception
>applies when one person moves to his detriment in reliance on a promise
>made
>without consideration. in that event, the promisor will be estopped from
>denying the promise. an example is a promise to make a gift. such is
>usually not enforceable for lack of consideration. this unless the
>promisee
>packs up his whole house and moves across country in reliance on the
>promise.
> in that event the promisor may be estopped to deny it.
>
>verbal contracts can be enforceable when there are verbal promises going
>each
>way, one or more from each party. the mutual promises are sufficient
>consideration to support the enforceability of the agreement.
>
>s
>67.5MIZU
>
>
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