When is an oral job offer as good as a written one?

Concordia University - St. Paul faculty member David Mennicke joined a minority of Public Insight Network folks who've commented on the Emmer-Hamline job-offer flap in saying that it wouldn't be fair to dump a candidate after an oral offer is extended.

He adds:

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An oral offer should be extended only if the formal written offer is guaranteed.

He tells me later:

"Once you make that statement, you need to have your ducks in a row. It means you have done due process. Once you’ve made a verbal promise, your word should be good."