In a(n)______,a buyer agrees to purchase all of its needs of a given contract from a seller during a certain period of time.
A) franchise contract
B) installment contract
C) reciprocal dealing contract
D) tying contract
E) requirements contract

Question

Quizplus · Accepted Answer

In a requirements contract, a buyer agrees to purchase all of its needs of a given contract from a seller during a certain period of time. The buyer may be a manufacturer who needs the raw materials or parts agreed to be supplied, or it may be a retailer who needs goods for resale. In effect, the buyer is agreeing not to purchase any of the products from competitors of the seller.

In A(n)______,a Buyer Agrees to Purchase All of Its Needs