Which statement below most accurately describes the enforceability of oral contracts?
Group of answer choices
Oral contracts are generally not enforceable because the parties will not admit what the terms actually are
Oral contracts are sometimes enforceable, but only in the case of low value agreements
Oral contracts are generally enforceable, even for very high value agreements, except when a statute or other legal rule specifically provides otherwise
 
 
 
Oral contracts are virtually always enforceable if the parties admit to the actual terms of their agreement