Asked by sarthak mahajan on May 16, 2024
Verified
A contract in which one party to the agreement agrees to buy all of the other party's production of a particular commodity is called a requirements contract.
Requirements Contract
A contract in which one party agrees to supply as much of a product or service as the other party needs.
- Comprehend the concept and types of contracts implied by the consideration provided.
Verified Answer
AW
Audrey WilkinsMay 18, 2024
Final Answer :
False
Explanation :
A contract in which one party agrees to buy all of the other party's production of a particular commodity is called an output contract.
Learning Objectives
- Comprehend the concept and types of contracts implied by the consideration provided.