When a seller promises a buyer to sell to he/she all of an item that it produces,this results in:

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This type of promise is known as an output contract, where the seller agrees to sell all of the goods they produce to the buyer. It is enforceable because it is a specific and definite promise to perform. An illusory contract occurs when the promise made by one party is too vague or uncertain to be enforceable. A requirements contract is when the buyer promises to buy all of their required products from the seller. An accord and satisfaction occurs when there is a dispute between the parties and they reach an agreement to settle the dispute. An enforceable contract with an option to cancel is not applicable in this scenario.

When a Seller Promises a Buyer to Sell to He/she