An agreement to do business or a sales transaction that has been spoken but not put on paper. Oral contracts are legally enforceable; however, it is a better business practice to put contracts in writing.
oral contract - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"Oral contract." YourDictionary. LoveToKnow. www.yourdictionary.com/oral-contract.
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Oral contract. (n.d.). In YourDictionary. Retrieved from https://www.yourdictionary.com/oral-contract
