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Which of the Following Is True of a Requirement Contract

Question 12

Multiple Choice

Which of the following is true of a requirement contract under the UCC?


A) It is valid so long as the requirement is made in good faith.
B) It is valid so long as there is a writing setting forth the terms signed by the offeree.
C) It is valid so long as there is a writing setting forth the terms signed by the offeror and the offeree.
D) It is valid so long as more than nominal consideration is provided.
E) It is not valid because of the lack of consideration.

Correct Answer:

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