John requires 500 shirts of a particular fabric and quality. He partners with Loumang Inc., a fabric manufacturing company, to develop certain customized inputs. Which of the following is being exemplified in this scenario?

Question

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The scenario describes a supply agreement where John partners with Loumang Inc. to provide him with 500 shirts of a particular fabric and quality. A supply agreement is an agreement between a buyer and a seller where the seller agrees to supply goods or services to the buyer in exchange for a predetermined price or other form of compensation.

John Requires 500 Shirts of a Particular Fabric and Quality