Which of the following statements regarding contracts are FALSE? Only select "All are true." if you believe none of the other statements are false.

Select one or more correct answers.

The Statue of Frauds suggests certain contracts be in writing to be enforceable, but does not require it$.$

An oral contract is not enforceable by law.

The mirror image rule is a common law principle requiring the acceptance to be on exactly the same terms as the offer.

If a breached contract is upheld as valid by a court, courts commonly require the parties to perform their contractual obligations.

A counteroffer to an offer will effectively terminate the offer.

All are true.

Points possible: $1$