Which of the following statements describes a requirements contract?
A)The seller guarantees to sell 100% of its production to one buyer.
B)The buyer agrees to buy 100% of the seller's production.
C)The buyer agrees to purchase 100% of her goods from one seller.
D)It is usually not valid due to lack of consideration.

Question

Quizplus · Accepted Answer

A requirements contract is an agreement where the buyer agrees to purchase all of their required goods exclusively from one seller.

Which of the Following Statements Describes a Requirements Contract