Requirement & Output Contracts

Question 1

I will buy everything I need from you.

Answer 1

Requirement Contract

Question 2

Requirement Contract: I will buy __________ I ______ from you.

Answer 2

everything
need

Question 3

I will buy everything you make.

Answer 3

Output Contracts

Question 4

Output Contracts: I will buy __________ you _______.

Answer 4

everything you make

Question 5

Buyer agrees to buy all of their requirements of a given commodity/ good from a seller.

Answer 5

Requirement Contract

Question 6

Explain a requirement contract:

Answer 6

Buyer agrees to buy all of their requirements of a given commodity/ good from a seller.

Question 7

Seller agrees to sell all of their output in a given commodity/ good to buyer and buyer agrees to buy that amount from seller.

Answer 7

Output Contract

Question 8

Explain an Output Contract:

Answer 8

Seller agrees to sell all of their output in a given commodity/ good to Buyer and Buyer agrees to buy that amount from seller.

Question 9

Output, Requirements and Exclusive Dealings UCC

Answer 9

2-306

Question 10

UCC 2-306

Answer 10

Output, Requirements and Exclusive Dealings

Question 11

A term which measures the quantity by the output of the seller or the requirements of the buyer means such actual output or requirements as may occur in ________ _________.

Answer 11

good faith