parol contract


Definition of parol contract

1 : a contract made orally or by a writing not under seal : contract not embodied in a judgment of record

called also simple contract

2 : a contract partly or entirely oral and therefore unenforceable under the statute of frauds : contract originally under seal but modified by an agreement not under seal

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“Parol contract.” Dictionary, Merriam-Webster, Accessed 20 Sep. 2020.

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