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That is, there was an oral agreement between two people about the loan of sum of money. One person broke the agreement and did not pay the debt back. The other party took the matter to court and recovered the money when the case was won.

2007-12-06 08:10:47 · 1 answers · asked by Anonymous in Politics & Government Law & Ethics

That is, there was an oral agreement between two people about the loan of sum of money. One person broke the agreement and did not pay the debt back. The other party took the matter to court and recovered the money when the case was won.
I really need an Internet address to look the case up.

2007-12-06 08:43:19 · update #1

1 answers

There are several such cases, but most of them are on a theory of either Restitution or Promissory Estoppel, rather than a strict contract theory. This helps get around Statute of Frauds problems.

2007-12-06 08:14:28 · answer #1 · answered by cyanne2ak 7 · 0 0

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