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 | |
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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...
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