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When 16-Year-Old Hafez Received a Large Inheritance from His Grandfather,he

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When 16-year-old Hafez received a large inheritance from his grandfather,he was tempted to purchase an expensive new car.He decided,instead,to deposit all the money into a savings account for his college education.Hafez shows signs of a


Definitions:

Higher Standard

A level of quality or attainment that is above the ordinary or expected.

Nonmerchants

Individuals or entities that do not engage in buying, selling, or dealing in goods as their regular business activity.

Unconscionable Contract

An agreement that is so unfairly one-sided that it is deemed unenforceable under the law.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the law.

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