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UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
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Experience:  English solicitor with over 12 years experience
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I'm just enquiring as to how legal a verbal contract is regarding

Resolved Question:

I'm just enquiring as to how legal a verbal contract is regarding repayment of a loan
Submitted: 2 years ago.
Category: Law
Expert:  UKSolicitorJA replied 2 years ago.
Hello,
The Verbal contract is legally binding same as a written contract although it is difficult to prove what was actually agreed.
If you are owed money and the borrower is in breach of contract, you may sue the person for the money. A claim may be made up to £100,000 online at www.moneyclaim.gov.uk
Hope this helps
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