A contract that is made pursuant to a conversation and not written. A verbal contract. Such a contract is valid and enforceable provided that the terms can be proven and that it meets the general requirements in order to form a contract and does not violate statutes that require certain agreements be made in writing (the Statute of Frauds.) … [Read more...] about ORAL CONTRACT
O
OPTIMA LEGUM INTERPRES EST CONSUETUDO
Latin, meaning The best interpreter of laws is custom. … [Read more...] about OPTIMA LEGUM INTERPRES EST CONSUETUDO
ORAL DEPOSITION
A deposition (witness examination or testimony given in advance of trial) that is taken out of court, under oath, and may be admissible as evidence. A court reporter will record oral testimony. A pretrial method of discovery. … [Read more...] about ORAL DEPOSITION
OPTIMACY
Nobility; men of the highest rank. Optimam esse legem, quae minimum relinquit arbitrio judicis; id quod certi tudo ejus prsestat. That law is the best which leaves the least discretion to the judge; and this is an advantage which results from its certainty. Bac. Aphorisms, 8. Optimus interpres rerum nsus. Use or usage is the best interpreter of things. 2 Inst 282; Broom, Max. … [Read more...] about OPTIMACY
ORAL WILL
A will or last will and testament communicated verbally and witnessed by persons. Frequently this will occur near death. Most states refuse to accept oral wills due to the significant possibility of fraud. Only limited exceptions apply. … [Read more...] about ORAL WILL