Which of the following is true regarding the application of the concept of unconscionability?
It may be the basis for rescinding a contract.
It may not be the basis for rescinding a contract.
It may be the basis for rescinding a contract only if a service is involved.
It may be the basis for rescinding a contract only if a sale of goods in an amount over $500 is involved.
It may be the basis for rescinding a contract only if a sale of goods in an amount over $1,000 is involved.