Re: OT: Is email a legally binding contract?

Posted by markb on December 13, 2001 at 04:12:54 from (64.79.80.106):

In Reply to: OT: Is email a legally binding contract? posted by Steven@nd on December 12, 2001 at 10:56:05:

As I understand contract law (which is to say very little), how you communicate your agreement makes little difference. A verbal contract is legally binding, although difficult to enforce.

The key thing is that money (or other valuable consideration) must change hands. For instance:

If I tell you "I'll pay you $1000 for your car" and you say "OK", that's not a contract.

On the other hand, if I say "I'll pay you $1000 for your car, and here's 10 bucks down" and you take the 10 bucks, then we have a contract. If you decide not to sell me the car, I can sue you. If I don't buy the car, you can sue me.

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