Oral Credit Agreements
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Statutes
Under the statute of frauds in ORS 41.580, generally agreements concerning loans and other credit extensions which are not for personal, family or household purposes or secured solely by the borrower’s residence must be in writing, express consideration and be signed to be enforceable.
Cases
Comments
None.
Contributors
Mark R. Wada
The statutory information was edited and reviewed with the support of MultiState
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