Answer TRUE or FALSE.

1. Failure to agree on the time of performance of a contract renders it unenforceable.
2. Consideration is a benefit conferred or a detriment incurred at the request of the other party.
3. Today, all contracts are subject to the Uniform Commercial Code.
4. Under contract law, a class is a group of people individually defined.
5. To be valid, the terms of an offer must be communicated to the offeree.