Archived posting to the Leica Users Group, 2001/03/08
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]At 09:31 AM 3/8/01 -0500, you wrote: >A verbal contract is just as good as a written one. More difficult to >enforce, however. Arthur If I remember correctly bi-lateral promises, in general, constitute consideration for a verbal contract for personal property. If this is true equitable title might have passed to the purchaser at the time of the promises. Depends upon the content of the promises - and how good this old man's memory is of contract law. I do remember that if money consideration had been paid equitable title would then have passed. I know that here are some younger and more virile attorneys on this list - help my old man's memory out?? Dick Hemingway (Eugene O. Kuntz Professor Emeritus of Oil, Gas and Mineral Law, University of Oklahoma School of Law - now you know what 'emeritus' means - 'old man')