Which of the Following Statements Describes a Requirements Contract

question 19

Multiple Choice

Which of the following statements describes a requirements contract?

• A)The seller guarantees to sell 100% of its production to one buyer.
• B)The buyer agrees to buy 100% of the seller's production.
• C)The buyer agrees to purchase 100% of her goods from one seller.
• D)It is usually not valid due to lack of consideration.

---

Definitions:

PsycINFO

A database providing access to abstracts and citations of behavioral and mental health publications.

Theories

Systematic, organized sets of concepts and propositions that are designed to explain and predict phenomena within certain variables.

Mathematical Formulae

Standardized equations or expressions used to solve problems or represent theories and relationships in mathematics.

PsycINFO

A database maintained by the American Psychological Association that provides abstracts and indexing for literature in psychology and related fields.