A Requirements Contract Is Unenforceable Due to Lack of Consideration

question 7

True/False

A requirements contract is unenforceable due to lack of consideration.

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Definitions:

Owned

Referring to assets or properties that are legally possessed by an individual or entity.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Health Club

A facility offering physical fitness services, equipment, and various health and wellness activities to its members.

Service Business

A service business is a company that provides intangible products or services to consumers, as opposed to selling physical goods.