Bass Electric Co. has entered an agreement to buy its actual requirements of copper wiring for six months from the Seymour Metal Wire Company and Seymour Metal has agreed to sell all the copper wiring Bass will require for six months. The agreement between the two parties is
a. Unenforceable because it is too indefinite.
b. Unenforceable because it lacks mutuality of obligation.
c. Unenforceable because of lack of consideration.
d. Valid and enforceable.
| Option D is the answer | |
|
The contract between Bass electric and Seymour Metal is valid and enforceable because it is definite about the time period and requirements. Comment if you face any issues |
Bass Electric Co. has entered an agreement to buy its actual requirements of copper wiring for...
multiple choice answers in one (1) document. Maker manufactures printing presses. News, a publisher of a local newspaper, was interested in purchasing a few presses. Rep, a representative of Maker, met with Bill, the president of News, to describe the advantages of Maker's presses. Rep also drew rough plans of the alterations that would be required in the News pressroom to accommodate the new presses, including additional floor space and new electrical installations, and left the plans with Bill. On...