Examlex
Which of the following is NOT a criterion for FAS?
Requirement Contract
A requirement contract is a legal agreement in which one party agrees to purchase all its needs for a specific good or service from the other party.
Output Contract
An agreement in which a seller agrees to sell all of the production to a particular buyer, who agrees to buy it.
Common Law Of Contracts
A legal framework derived from court judgments and customs, governing the creation and enforcement of contracts.
Mirror Image Rule
A legal doctrine stating that an offer must be accepted exactly without modifications for a contract to be valid.
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