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What classifies as a legally-binding contract in Pennsylvania?
Wiki User
∙ 17y ago
Any agreement, written or verbal, wherein both or all parties have come to a meeting of the minds with regard to the terms of the agreement. Each party must be of legal age and sound mind.
Wiki User
∙ 17y ago
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A is a legallybinding agreement between two or more partie?
A contract is a legally binding agreement between two or more parties.
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The state of Pennsylvania requires that any prepayment penalty be stated in the contract. When the prepayment penalty is stated in the contract it becomes legal.
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