Samuel Goldwyn, the Hollywood movie mogul, reputedly once said “A verbal contract isn’t worth the paper it’s written on”*
- Published 31.05.2021
*Per Rares J TWW Yachts Sarl v The Yacht “Loretta” (No 1) (FCA 2021) at paragraph 1
Key Takeaways
This case looks at whether what was said in a telephone conversation can amount to a binding agreement within the meaning of either the first or second limbs of Masters v Cameron1.
Brief Facts