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In order to have a valid legal contract, both parties need to be giving valid consideration to the other party. If someone agrees to give another person something for nothing or for something that cannot legally be considered, the contract will not be enforced by a court.
In Colorado, the general breach of contract statute of limitation, whether the contract is oral or written, is three years. However, if a contract is for a ?liquidated debt? or for an ?unliquidated determinable amount,? it is subject to a six-year limitations period.
Most contracts can be either written or oral and still be legally enforceable. However, some agreements must be in writing to constitute a binding agreement. Oral contracts are difficult to enforce. They don't include a clear record of the legal requirements of an enforceable contract.
Colorado law requires that these contracts be written down in order for the courts to enforce them. There are a few exceptions, however, that allow for a contract, or parts of a contract, to be enforced even when they were verbal.
Perington,18 the Colorado Supreme Court overruled the trial court's determination that an oral agreement was void under the statute of frauds. Oral contracts are enforceable unless a specific enactment, such as a statute of frauds, renders a particular category of oral contracts unenforceable.
Colorado. General contractors are not licensed by the state of Colorado, so to file a complaint against a contractor, submit a complaint with the Colorado Attorney General. Online: An online complaint form can be filed here. Once completed, you may submit the complaint.
The FTC's Bureau of Consumer Protection stops unfair, deceptive and fraudulent business practices by collecting reports from consumers and conducting investigations, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights ...
The Colorado Consumer Protection Act protects consumers from a wide range of unfair and deceptive business practices.