True or False?

1. The Uniform Commercial Code, defines goods as "all things (including specifically manufactured things) which are movable at the time of identification to the contract for sale."

2. Contracts are governed by the common law of contracts unless the Uniform Commercial Code changes or modifies the rule.

3. If a merchant-offeror gives assurances in a signed writing that the offer will remain open for a given period, the merchant's firm offer remains revocable at any time.

4. The Uniform Commercial Code follows the common law of contracts which states that contract modifications must be supported by new consideration to be binding on the parties.

5. In resolving disputes between parties who have regular dealings with one another, the Courts will look to trade usage-the regular practice and methods in a given trade to resolve the dispute.