Arkansas Complaint for Refusal to Pay Debt - Breach of Oral or Implied Contracts

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Multi-State
Control #:
US-01644BG
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Description

This form is a generic complaint and adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

An oral contract may be unenforceable if its subject matter falls under the Statute of Frauds, which requires certain contracts to be in writing and signed. Examples of contracts that must be in writing include: Consideration of marriage, including prenuptial and postnuptial agreements.

Arkansas has a five year statute of limitation for any cause of action based on a written contract, duty or right. A.C.A. § 16-56-111. Actions based on oral contracts or torts must be commenced within three years after the cause of action accrues.

If there is no dispute as to the existence of a contract between the parties, use AMI 2403. The essential elements of a contract under Arkansas law include (1) competent parties, (2) subject matter, (3) legal consideration, (4) mutual agreement, and (5) mutual obligations.

Arkansas Supreme Court Committee On Jury Instructions-Civil. A contract may be express or implied. [An express contract may be oral or written.] [An implied contract is created by the conduct of the parties or their course of dealing.

Most verbal agreements are enforceable. Here are the exceptions:A promise to transfer an interest in real estateA sale of goods worth over $500A promise that cannot be performed within one year (like, "I promise to do this on January 1, 2019."). This includes leases for more than one year.

An oral contract is a type of business contract that is outlined and agreed to via spoken communication, but not written down. Although it can be difficult to prove the terms of an oral contract in the event of a breach, this type of contract is legally binding.

A court may not enforce an oral contract if one or both parties lack competency or legal capacity. Examples of situations where parties may be deemed incompetent or lacking legal capacity include: If one or both parties were under the influence of alcohol or other incapacitating substances.

A verbal agreement is legally valid provided that the basic foundations of a binding contract are in place. However, there are cases where a physical written contract is necessary for the agreement to be legally-binding, irrespective of whether or not an oral agreement contains all of the elements of a contract.

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Arkansas Complaint for Refusal to Pay Debt - Breach of Oral or Implied Contracts