Which of the Following Is True of a Requirements Contract

question 11

Multiple Choice

Which of the following is true of a requirements contract under common law?

• A) It is valid so long as there is a writing setting forth the terms signed by the offeror.
• B) It is valid so long as there is a writing setting forth the terms signed by the offeree.
• C) It is valid so long as there is a writing setting forth the terms signed by the offeror and the offeree.
• D) It is valid so long as more than nominal consideration is provided.
• E) It is not valid because of the lack of consideration.

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Definitions:

Paper Production

The process of converting raw materials into paper, including steps such as pulping, pressing, drying, and finishing.

Treadmill Of Production

Term describing the operation of modern economic systems that require constant growth, which causes increased exploitation of resources and environmental degradation.

Economic Modernization

The process by which an economy transforms from primarily agricultural to one based on the manufacturing of goods and services, often involving technological innovation and changes in socio-economic structures.

Constant Growth

A state or condition of a system, such as an economy or a population, where there is a steady increase over time without periods of decline.