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Oral Agreement
An agreement made through spoken communication between parties, which can be legally binding even in the absence of a written document in some cases.
Partial Payment
A payment that covers only a portion of the total amount due on a debt, bill, or other financial obligation.
Statute of Frauds
A legal principle requiring certain types of contracts, such as those concerning real estate or lasting more than a year, to be in writing to be enforceable.
Sale of Land
The process of transferring ownership of a parcel of real estate from one party to another, typically involving a written contract and the payment of an agreed-upon price.
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