CONTRACTS_MCQS_121-130 - GOULDS MCQs in the MORNING Multiple Choice Program CONTRACT LAW QUESTIONS 121-130 2012 GOULDS LEGAL EDUCATION ALL RIGHTS

CONTRACTS_MCQS_121-130 - GOULDS MCQs in the MORNING...

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GOULD’S “MCQ’s in the MORNING” Multiple Choice Program: CONTRACT LAW QUESTIONS, 121-130 © 2012 GOULD’S LEGAL EDUCATION, ALL RIGHTS RESERVED.
© 2012 GOULD’S, ALL RIGHTS RESERVED. 121. Supplier and Retailer talked at length about Retailer agreeing to buy as many bicycle chains from Supplier as Retailer would need each month. Finally, Retailer stated to Supplier, that Retailer was thinking about one hundred chains per month, as an amount that might be suitable to meet the demands of his customers.If Supplier agrees with the above, is Retailer obligated to purchase bicycle chains from Supplier? A. Yes, but the amount from month to month must be proportionate.B. No.C. Yes, because this is a requirements contract under the UCC, which allows indefinite terms in an offer.D. No, because terms in an offer must be definite and certain.