“We are terribly at the end of this agreement because we are opening up the entire Western Philippine Sea to the Chinese fishing fleet. It`s just a flaw,” Carpio said. Although Foreign Minister Teodoro Locsin Jr. made it clear that the oral agreement was not a policy and therefore could not be implemented, his speech at SONA would be confirmed. “It`s always a verbal agreement, so we can always get out of it, but if the president mentions it in the SONA, confirm that it will be binding on us and that means that China can fish in an area at least 59 times larger than Scarborough (Panatag) Shoal,” Carpio said. Dear John, you can collect from your friend, even if there is no written agreement to support your request. A contract was perfected from the moment you agreed to renovate his house. Under Article 1305 of the Civil Code of the Philippines, a contract is a meeting of minds between two people, in which one undertakes, in relation to the other, to give something or to provide a service. “But if the president confirms it at SONA, I don`t think we can get out of it. So that`s what we`re related to; We have to respect that,” Carpio said. The president will have to say that there is no such agreement, because if it exists, we are bound to it,” he added.
Dear PAO, my friend and I had a verbal agreement for the renovation of his home in Mandaluyong City. We decided that I would cover all the costs and all the materials of the construction, so my friend will only reimburse me for the renovation costs. It seemed to me to escape after I told him that the project was already finished and that the cost was P124,000.00. Can I collect it, even if I don`t have a written agreement to support my claims? John For an oral agreement to be binding, the elements of a valid contract must be present. To illustrate how the elements of a contract create binding conditions in an oral agreement, we use the example of a man who borrows $200 from his aunt to replace a flat tire. Many oral contracts are legally binding, but the possibility that a party will not respect its commitment still exists; That`s why people often prefer to make their deals in writing. To win the case, the aunt must prove with evidence that her nephew lent the money with the intention of repaying it, while the nephew must prove that he did not accept. Without the documentation of the agreement, it will be a matter of er-she-said. In the end, it is a judge who decides which case is most likely of the party. Here too, a written appearance or any form of documentation is not part of a valid contract. As long as an agreement meets the three elements mentioned above, there is a valid contract, whether or not it is a written agreement. He said that an oral agreement or agreement allowing the Chinese to fish in the Philippines` Exclusive Economic Zone (EEZ) was a violation of the Constitution.
Most oral contracts are legally binding. There are a few exceptions, however, depending on the design of the agreement and the purpose of the contract. In many cases, it is best to draft a written agreement to avoid litigation. If two or more parties reach an agreement without written documents, they will enter into an oral agreement (formally known as an oral contract).