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Regard as a Verbal Agreement Crossword

When it comes to crossword puzzles, one common clue that often appears is “regard as a verbal agreement.” This phrase refers to the term “oral contract,” which is a legally binding agreement made verbally rather than in writing.

While oral contracts may seem less formal than written agreements, they can still hold up in court if certain conditions are met. However, it can be more challenging to prove the terms of an oral contract, as there is no written documentation.

To be considered a valid oral contract, there are a few requirements that must be met. First, there must be an offer made by one party to another. This offer must be clear and specific in its terms. Next, the other party must accept the offer. This acceptance can be verbal or through actions that indicate agreement.

Once the offer and acceptance have been established, both parties must exchange something of value, also known as consideration. This can be a promise to provide goods or services, payment for those goods or services, or something else of value.

It`s essential to note that some contracts must be in writing to be legally binding, such as contracts for the sale of real estate or agreements lasting more than one year. In these cases, an oral agreement is not sufficient.

In the world of crossword puzzles, “regard as a verbal agreement” is a common clue that references the concept of oral contracts. While they may not be as formal as written agreements, oral contracts can still hold up in court if the necessary requirements are met. As always, consult with a legal professional for guidance on specific contract issues.