A promise by Derkin Restaurants to buy all of the produce it needs this next year at an established price from Elfredo's Produce would be an
A)enforceable requirements contract.
B)enforceable output contract.
C)unenforceable illusory contract.
D)unenforceable promise based on past consideration.

Question

Quizplus · Accepted Answer

This is an enforceable requirements contract because Derkin Restaurants is promising to buy all of the produce it needs for the next year at a set price from Elfredo's Produce, which means Derkin's purchase obligations are determined by its actual requirements or needs.

A Promise by Derkin Restaurants to Buy All of the Produce