Why do we have contracts and contractual law?

I have been contact by a telesales company selling advertising space. The phone call was taped and at the end of the conversation I did verbally agree to placing an advert but was told I must reply in writing via email. When off the phone I realised that it was not such a good deal and...

I am needing to know if a baseball player can sign a major league contract for any time frame including less than a year? Is there any rule, policy, etc. against his doing so?

My workplace is just getting quieter and queter. The boss has already got rid of someone as he isn't making enough money to cover his wages. He cut this guys wages, so he left. He was bascially trying to get rid of him. A lot of people are leaving and now there are only a few of us left. What...

We have lived in our apartment for 27 years. We have new owners and they want us to sign a new contract. The contract states that we will be financially responsible for all repairs due to the apartment and if repairs are not made that they have the right to take personal possessions from your...