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In Pennsylvania, is a verbal agreement a binding contract. In Pennsylvania, is a verbal agreement a binding contract. How do you enforce it if the other party will not talk to you about it. Submitted: 5 years ago. Category: Legal.
The acceptance of a verbal contract occurs when the person to whom the contract is offered voluntarily indicates agreement to its terms and conditions. Consideration: In addition to an offer and acceptance, verbal contracts must contain consideration. This means that each side must give the other something of value for the agreement to be binding. In most verbal contracts, this is an exchange of money, such as a down payment. However, in some cases, it is not money but a promise that is exchanged.