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