1.Contracts can be ______________.

a) extended or revised on consent of both parties

b) breached at anytime by any party

c) unenforceable in community property states

2.In the United States, the federal Constitution gives______.

a) unlimited powers exclusively to the federal government

b) unlimited powers to both the federal and state governments

c) limited, reasonable powers to the federal government

3.All of the following are influencing factors on both group values and individual values EXCEPT:

a) wealth.

b) religion.

c) traditions.

4.There are _____ essential requirements for a contract to be valid.

a) 2

b) 6

c) 8

5. Courts have long been reluctant to uphold unconscionable contracts, and with the UCC it has:

a) required such contracts to be reduced to writing.

b) made such contracts less likely to be enforced.

c) encouraged the agreement of such contracts.

6.A person with a mental illness is liable for the ___________ value of necessities that they buy.

a) reasonable

b) market

c) profit margin