An Output or Requirement Contract Is Not Enforceable Unless the Parties

question 16

True/False

An output or requirement contract is not enforceable unless the parties include an estimate of prospective amounts.

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Definitions:

Robert Heilbroner

An American economist known for his works on the history of economic thought and capitalism.

21st and 22nd Centuries

The periods of time spanning from 2001 to 2100 and 2101 to 2200, respectively, in the Gregorian calendar.

Supremacy Clause

A clause in the U.S. Constitution declaring that federal law takes precedence over state law if there is a conflict between them.

Federal Law

Federal law refers to the body of law created by the national government of a country, which applies to the entire country and takes precedence over state or local laws.