To: Snuffington
Since when is a verbal contract with a value of $11 million enforceable? Sounds to me like a jury of 12 idiots put the nail in the coffin for this company.
To: VRWCmember
The contract was probably assumed since they were doing business for years.
20 posted on
09/04/2003 1:39:06 PM PDT by
AppyPappy
(If You're Not A Part Of The Solution, There's Good Money To Be Made In Prolonging The Problem.)
To: VRWCmember
It depends on where you're living and why the contract became worth $11 mil. If it was a "you'll get 10%" when Veggie Tales was small and they violated that agreement after it became big it's pretty easy for a verbal agreement to be worth $11 mil. Also some states are more friendly to verbal agreements than others. Both parties are idiots for being in a verbal agreement in the first place, never say "yes" only write it in triplicate.
22 posted on
09/04/2003 1:39:57 PM PDT by
discostu
(just a tuna sandwich from another catering service)
To: VRWCmember
It is enforceable regardless of amount.
Without getting into too much detail, the ones that have to be in writing are contracts regarding real estate, contracts in suretyship and contracts involving obligations which expressly state that they will last longer than a year (can vary by state).
If I remember right, it was a verbal contract which did Kim Basinger in on "Boxing Helena".
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