If the contracting parties put but a part of their agreement in writing the law will recognize only the written part. The whole must be in writing, or the agreement will not hold.
Verbal contracts are not safe.
Although the law does not require even contract to be in writing, yet, as it never declares that a contract must be verbal, it is the part of prudence, wherever possible, to put every contract in writing.
Owing to defects of memory even honest men may, and frequently do, disagree as to the terms of a verbal contract.
Because the party with whom the contract is made is a close friend, one is apt to depend on a verbal agreement, but the closer the friend or relative, the more reason there is for an exact written contract, if we would keep the friend.
FORMS OF CONTRACT
The law is never specific as to the form of contract that may be used.
It is not necessary to draw up the contract with the formal accuracy of a real estate deed.
Any one with good sense and a fair common school education can draw up a contract that will hold.
Know what is required, then state the facts simply.