Examlex
Each of the following is a true statement about highlighting EXCEPT:
Requirements Contract
A contract in which the seller agrees to supply all of the buyer's needs for a particular good or service over a specified period.
Output Contract
An agreement in which a seller agrees to sell all of its production to a single buyer, typically used to ensure a steady market for the seller's product.
Promissory Estoppel
An equitable doctrine that prevents a party from going back on a promise even if a legal contract does not exist, provided that the promisee has relied on that promise to their detriment.
UCC
Stands for Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.
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