In a recent development in the ongoing legal battle between TCB and the government, defense attorneys for TCB have made a strong argument regarding the impact of verbal promises on executed agreements. Despite claims of receiving verbal assurances from government officials, the defense asserts that these promises hold no weight in the face of a legally binding executed agreement.
Key points from the defense’s argument include:
– Verbal promises made by government officials do not have the power to alter or nullify a contract that has already been executed.
– The importance of written agreements in ensuring clarity and enforceability in legal matters.
– The defense’s stance on upholding the integrity of executed agreements, regardless of any prior verbal discussions.
This latest development in the case highlights the importance of clear and written contractual agreements in the business world, emphasizing the need for parties to carefully document all terms and conditions to avoid potential disputes and legal challenges.
You can read this full article at: https://www.housingwire.com/articles/ginnie-mae-contends-tcb-cant-rely-on-alleged-verbal-promises-in-lawsuit/(subscription required)
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