Why Contracts Should Be in Written Form Aside from Having Oral Contracts (Essay Sample)
Business contracts offer the legal safeguards that are required in any activity. Contracts not only reduce risk, but they also protect you and your firm by assisting you in understanding your rights and duties under each agreement. A written contract is not the only thing that matters in commercial deals. bASED ON THIS FACT, THE STUDENT WAS REQUIRED TO EXPLAIN WHY CONTRACTS SHOULD BE IN WRITTEN FORM ASIDE FROM HAVING ORAL CONTRACTS
source..
Oral and Written Contracts
Student’s name
University
Professor
Date
Oral and Written Contracts
The statute of frauds requires certain types of contracts be in writing. However, there is no state law requiring all contracts to be in writing to be enforceable in courts. While oral contracts are enforceable, some contracts must be in writing for them to be binding. I believe that all contracts should be in writing for a number of reasons.
Other Topics:
- The Great Rebate RunaroundDescription: Rebates could indeed be viewed as a form of customized selling as information from the seller needs to be collected and analyzed before they are ascertained to be fit for a rebate. It also implies that two different customers who may have bought the same item are not guaranteed to get the rebate unless...2 pages/≈550 words| 2 Sources | APA | Business & Marketing | Essay |
- Discussion on Apple as a Successful CompanyDescription: Apple is a technology-based company focused on designing and manufacturing personal computers, tablets, Mac, IPad, and iPhones. The iPhone is Apple's most popular product, selling due to the stature, quality, and uniqueness it has been designed and manufactured by. Steve Jobs and Steve Wozniak co-founded ...2 pages/≈550 words| 2 Sources | APA | Business & Marketing | Essay |
- Concept of Globalization and the Role Information Technology has in the Global MarketDescription: Globalization is referred to as the growth of the world's independence regarding culture, population, and the world's economy. This can be achieved by using technology, the flow of investments, and the cross-border trading practices taking place all over the world. Activities like exports have greatly...1 page/≈275 words| 1 Source | APA | Business & Marketing | Essay |
