Legal Question in Business Law in Virginia
verbal contracts
Are verbal contracts binding in virginia ?
Asked on 6/17/08, 6:01 am
2 Answers from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: verbal contracts
Yes, indeed they are (if they can be proven)and have a three year statute of limitations. (See Va. Code Sec. 8.01-246.)
Answered on 6/17/08, 6:58 am
Daniel Press
Chung & Press, P.C.
Re: verbal contracts
Yes, except for certain types of contracts that have to be in writing (to convey an interest in land, to assume the debt of another, contract that necessarily lasts over one year, etc.).
Answered on 6/17/08, 12:51 pm
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