Contracts in which one party to the agreement agrees to buy all of the other party's production of a particular commodity is called a(n):
A)requirements contract.
B)composition agreement.
C)output contract.
D)nominal consideration.

Question

Quizplus · Accepted Answer

Contracts in which one party to the agreement agrees to buy all of the other party's production of a particular commodity are called output contracts.

Contracts in Which One Party to the Agreement Agrees to Buy