ETH 321 WEEK 3 Participation Question 2 Participation Question #2 Week #3 Oral Contracts and Consideration 2. Are oral contracts legal in the USA and the rest of the world? If you record the oral agreement with an audio tape does that help? Do both parties have to agree to the recording? If you sell your car for a dollar ($1) do you have to accept the dollar to have a valid contract in all countries? Please explain beyond yes or no responses.