Simple answer: There is no such thing. Contracts MUST be written and signed by bothparties to be legally binding. There is an old saying, "A verbal contract is as good as the paper it is written on."
Breach of contract is where one party to a contract fails to abide by a contractual obligation. This occurs after the obligation to perform a certain act comes due. I.e., I give you $20 and you will...
A breach of contract in legal terms amounts to a broken promise to do or not do an act. Breaches of a contract are single, occurring at a single point in time, or continuing breaches. A lawsuit for...