Over the years you may have signed an agreement to purchase something of value. It could have been a vehicle, boat, business, equipment or other items of value. You may have also entered into an oral agreement of some sort with a neighbor, business partner, customer or the like. In some cases the oral agreement are legal and enforceable and in other cases it may be been a comment instead of an agreement that is not enforceable. If you watch TV at all you may have seen episodes of Law and Order, Judge Judy or some other legal show that talks about contracts. In Michigan, oral contracts or agreements are not valid when it comes to real estate. Contracts dealing with real estate must be in writing according to the law. The reasoning behind this law is to prevent disputes between parties or claims of fraud that could arise from verbal communication. ...