An agreement in which a party promises to supply all the other party's needs for a particular commodity is called a(n) :

A) requirements contract.
B) composition agreement.
C) output contract.
D) nominal consideration.

Requirements Contract

A contractual agreement in which one party agrees to supply as much of a product or service as the other party needs during a specified period.

Particular Commodity

Refers specifically to a unique or specified commodity traded on commodity markets, such as gold, oil, or wheat.