A(n) __________ contract is a contract to buy all requirements of the buyer from the seller.
A) output
B) essentials
C) necessaries
D) requirements

Question

Quizplus · Accepted Answer

A requirements contract is a contract in which the buyer agrees to purchase all of its required goods from the seller. This type of contract is commonly used in situations where the buyer wants to ensure a constant supply of a particular product, but may not know how much they will need over a certain period of time. A requirements contract differs from an output contract, which is a contract in which the seller agrees to sell all of their production to a buyer.

A(n) __________ Contract Is a Contract to Buy All Requirements