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Is a verbal deal binding

My Father has a land that we are selling.  We were asking $200000 for the property.  A contractor is willing to by the property but I did not put anything in writing nor has there been a deposit. I asked him to calll my notary wich he did the notary prepared all the papers.  I had told him tthe property was sold as is. When i asked for a copy of the notaries work I noticed that they put with warranty.  I called the contractor back, not to pleased and said that this is standard. I told him that it needs to be changed to no warranty. This postponed the notary meeting as he wanted to get the land tested for contaminates.  He called me back to tell me that the meeting would be scheduled for 07aug12.  Since then I have been offered much more for the land. Since no actual contract was signed could I walk away from this and go for the larger offer. note the land is own by father I was dealing in his behalf.  Is this binding or does he have any legal recoarse. This was all verbal except for the notary. Can he be used as a witness or is he neutral. Can he testify for the contractor.         

Authors: ratealawyer.com

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