Contract

A formal agreement between two or more parties; also the writing setting forth and evidencing an agreement and signed by the parties to it is a contract. It is an accepted rule of law that a contract should be interpreted in accordance with the intention of the parties thereto; and the usage or custom of any particular trade, occupation, busine or place when, it is reasonable, uniform, well settled and not in opposition to fixed rules of law or in contravention of the expre terms of a contract is deemed to form a part of the contract and to enter into the intention of the parties. Following are the contracts which will not be enforced by the courts unle there is written evidence of them: Contracts for the sale of lands or of any interest in lands: leases ’ for a longer period than one year; every contract that is not to be performed within one year from the making thereof; every special promise to pay the debt of another person; every agreement made upon consideration of marriage except mutual promises to marry; every contract for the sale of personal property for the price of $50 or more. Other contracts than these are valid though not in writing. It is the general rule of law that a written contract cannot be orally varied or contradicted by oral evidence.