PAROL CONTRACT


Meaning of PAROL CONTRACT in English

noun

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

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.