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Free Legal Advice Philippines » FREE LEGAL ADVICE » OBLIGATIONS & CONTRACTS | CREDIT TRANSACTIONS » Is Verbal agreement legally binding?

Is Verbal agreement legally binding?

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1Is Verbal agreement legally binding? Empty Is Verbal agreement legally binding? Fri Jun 12, 2015 1:18 am

richard.elento


Arresto Menor

Hi Attorney,

Just a question on verbal agreement. Me and wife is looking for a house to rent. We found one and we agreed to the owner verbally and thru SMS messages that we will rent her house. We agree to meet on tuesday to sign the contract and settle the deposit and advance.

However, change of minds/heart happens... We found another house that's better and cheaper... We would like to backout from the prior house we agreed verbally/sms msgs. Are at fault/legally liable if backout? we haven't signed any document yet...

Thanks in advance.

2Is Verbal agreement legally binding? Empty Re: Is Verbal agreement legally binding? Sat Jun 13, 2015 1:07 pm

LandOwner12


Reclusion Perpetua

wla pa..
Palabra de honor lang meron,,,
wala pa naman kayong nabigay na pera diba?


3Is Verbal agreement legally binding? Empty Re: Is Verbal agreement legally binding? Sun Jun 14, 2015 11:41 am

richard.elento


Arresto Menor

LandOwner12 wrote:wla pa..
Palabra de honor lang meron,,,
wala pa naman kayong nabigay na pera diba?



yes po wala pa. However, not sure baka po kasi nagpagawa na ng contract yung owner. Hiningi na kasi details ng cedula ng wife ko for the contract. and yun nga po once we tell them na we want to cancel it. parang kakahiya po and ofcourse we expect na magagalit sila...

4Is Verbal agreement legally binding? Empty Re: Is Verbal agreement legally binding? Sun Jun 14, 2015 11:42 am

LandOwner12


Reclusion Perpetua

tama,
pero legally,
hanggat walang pirma nyo, walang kontrata,,
bigyan nyo na lang ng konsessya de bobo, para di masyado magalit,,

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