Legal Question in Business Law in New York

verbal contract

Three people entered into a verbal contract,one person in one party and two in the other party. The one person asked the other two to meet two conditions. Both conditions were met that day, but the following day one person in the party of two party decided he wanted out and asked for his property back, it was given back. How does this leave the contract?


Asked on 5/17/06, 8:02 pm

1 Answer from Attorneys
Nancy Delain Delain Law Office, PLLC

Re: verbal contract

Under classical contract law, the contract is in material breach.

Under modern contract law, the contract may be in material breach, but the breach may be curable if the remaining parties wish to continue to execute the contract.

Need to know more before I can give you more info. Please contact my office if you wish to discuss further.

Best wishes,

Nancy Delain

THIS INFORMATION IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED AS, LEGAL ADVICE. FOR ADVICE SPECIFIC TO YOUR SITUATION, SPEAK WITH YOUR ATTORNEY.

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Answered on 5/18/06, 5:58 pm


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