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When oral real-estate contracts are used, if in fact they are used, a person can not be sued for breaching a contract but a person can sometimes get the value of time spent and expenses in money but not the price of land; known as quantum valuit.
In the contract, terms will be expected. The specific for terms that should be expected in the contract are legality, capacity, consideration, and agreement. Legality should be presumed. Capacity should be presumed, meaning a person must be over the age of 18 and one month and have mental capacity. Consideration is not presumed but should be known; both parties must understand that they need to both give up something with out necessarily getting something in return...
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