When a buyer has agreed to purchase the total output of a seller,there is a(an):

Question

Quizplus · Accepted Answer

An output contract is a type of agreement where a buyer agrees to purchase the entire production of goods or services from the seller. The seller is required to use all their resources to meet their obligations under the contract, and the buyer agrees to purchase everything the seller produces. Output contracts are recognized under the UCC, making choice E incorrect. The other options, such as requirements contract, fulfillment contract, or totality contract, do not accurately describe this type of agreement.

When a Buyer Has Agreed to Purchase the Total Output