Question

Discuss the importance of written contracts in certain situations - why do courts require these contracts be in writing? Choose one of the types of written contracts and discuss whether you think it's valid. Provide your own thoughts, as well as supporting sources from the internet. Provide a real-world or made up example to support your point.

Answer 1

Written contracts help avoid any misunderstanding or confusion between the parties involved with the contract. A written contract includes all the terms and conditions decided and agreed upon. It is considered as a valid document in case discrepancies arise and the matter is escalated to court. It acts as a proof or evidence in court.

Example - Land contracts are written contracts. They are regarding sale of land between two or more parties. These are written with proper terms and conditions and have parties involved have legal binding towards it.

The land contracts are one of the most commonly used written contracts which help certify the property sales or lease. These are very essential, as there could be many issues if these contracts were not written. Land is very expensive and everyone in today's world is trying to earn most out of nothing. The property issues may not be resolved properly in absence of land contracts.