Is an oral contract binding in California?

An oral contract can indeed be binding in California, making the choice affirming this statement correct. Under California law, both oral and written contracts are enforceable, provided they meet necessary criteria, such as mutual consent, a lawful object, and consideration. However, certain types of contracts are required by law to be in writing to be enforceable, as established by the Statute of Frauds. This includes agreements involving real estate, contracts that cannot be performed within a year, and certain agreements related to the sale of goods exceeding a specific value.

The choice indicating that an oral contract is not binding fails to recognize the general enforceability of oral agreements, as long as they comply with the essential elements of a valid contract. The choice that suggests documentation is required overlooks scenarios where oral agreements are valid and enforceable. Finally, mentioning that it depends on the value involved misinterprets the legal framework regarding oral contracts; while value may influence the enforceability of certain specific contracts, it does not negate the binding nature of an oral contract in general circumstances under California law.