clippertown wrote:Can someone explain to he how DJ broke a "verbal" contract with Dallas when there was a moratorium on all deals? If it can't be signed, how can a verbal deal have any legal merit? It seems DJ made a promise but in no way was that a legal contract. In some ways, the moratorium may be there to prevent players being bullied by their agents and friends (some of them are pretty young).
a promise is the same thing as a verbal commitment and certainly can be legally binding.
If one party makes a statement or a promise that causes another party to rely on that statement in such a way that he or she is financially injured by that reliance, then a court will enforce the statement or promise as if it was a completed contract. The court does not need to find an agreement or consideration in order to enforce the promise like a contract.
http://smallbusiness.findlaw.com/business-contracts-forms/when-will-a-promise-or-statement-be-considered-a-binding.html







































