If I enter into an oral agreement to lease an item for 1050.00 and later decide to rescind before actual lease begins is the agreement enfo...

Question

If I enter into an oral agreement to lease an item for 1050.00 and later decide to rescind before actual lease begins; is the agreement enforceable?

Answer

Unless the agreement gives you the right to rescind or cancel it and you properly follow the rules for cancellation, the agreement is still enforceable.