Legal Question in Business Law in North Carolina
Verbal Agreement
I am looking for the N.C. Gen. Stat. regarding validity of verbal agreements. Can you tell me the the Section number of this area?
Asked on 6/20/06, 1:54 pm
1 Answer from Attorneys
John Kirby
Law Offices of John M. Kirby
Re: Verbal Agreement
There is no such statute. The general rule is that an agreement (or "contract") need not be in writing. There are, however, several specific exceptions to this rule, such as transactions in real estate.
Answered on 6/21/06, 5:49 pm
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