Answer:
True
Step-by-step explanation:
Most contracts can be either written or oral and still be legally enforceable;verbal agreement is a contract even though it is not in writing.
In order for an oral contract to be valid, it must contain these three elements: an offer, an acceptance of that offer and consideration in which each party receives something of value through an exchange to serve as the purpose of the contract.Rest Well Hotel proposed an offer to Tricolor, Tricolor Texitle accepted the offer and the company has put in a consideration by making the monogram.Therefore,because of the previous agreement between them, Tricolor can enfore the agreement
However, three main factors are needed in proving the validity of oral contracts. these are witness testimony, course of conduct, and credibility.