Is a verbal agreement binding in court?

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Is a verbal agreement binding in court?

We have a verbal agreement loan from my sister and my spouse is denying it.

Asked on January 20, 2016 under Business Law, Minnesota

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

A oral agreement (the better term than "verbal") is indeed legally enforceable, including in court. Obviously, it's easier to prove to existence of and terms of a written agreement than an oral one, but if the oral agreement can be proven, whether with credible testimony, collaborating or supporting evidence (like receipts for money), or both, then it can be enforced.


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