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Is a verbal contract binding?

(3 Posts)
KissesBreakingWave Mon 21-Oct-13 12:02:31

You haven't included a part of the contract that is vital to its being binding: consideration: legal jargon for 'the price'. For it to be a binding contract under the circumstances you describe both parties have to be offering and accepting something.

mumblechum1 Mon 21-Oct-13 10:53:29

Usually, unless it comes under the distance selling regs.

LoopaDaLoopa Mon 21-Oct-13 10:43:47

Consisting of offer and acceptance, made under no duress, witnessed by a number of third parties.

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