-If a contract condition is not satisfied, the obligations of the parties are suspended

True or False

-Expressly designating a third party as a beneficiary in a contract does not indicate whether the beneficiary is intended or incidental

True or False

-In some states, the courts prefer to rely on traditional notions of fraud, undue influence, and duress rather than the concept of unconscionability

True or False

-Under the UCC, an offeror must be notified within a reasonable time that the offeree has accepted

True or False

-The UCC applies to the formation of sales and lease contracts and observes the same degree of formality used in forming other types of contracts

True or False