When parties to an oral contract have both fully performed their obligations under the contract,the parties are:

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In most states,the statute of frauds makes oral contracts that come within its provisions unenforceable,not void or voidable.This means several things.If the parties to such an oral contract have both fully performed their obligations,neither is allowed to rescind the contract.Their mutual performance is ample evidence that a contract infact existed.

When Parties to an Oral Contract Have Both Fully Performed