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MMLU / Base Electric Co. has entered an agreement to buy its actual requirements of…

Problem

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question

Base 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 Base will require for six months. The agreement between the two companies is

choices

  1. Unenforceable because it is too indefinite as to quantity.
  2. Unenforceable because it lacks mutuality of obligation.
  3. Unenforceable because of lack of consideration.
  4. Valid and enforceable.

subject

professional_law

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