The Safe-T Airbag Company manufactures airbags that are used in automobiles. Fly Motor Company manufactures automobiles in which it must place airbags before the automobiles can be sold. Assume that Fly Motor Company enters into a contract with Safe-T Airbag Company in which it agrees to purchase all of the airbags it will need from Safe-T. Safe-T may sell airbags to other purchasers, however. This is an example of which of the following types of contracts?1. Requirements contract2. Output contract3. Accord4. Illegal consideration
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The Safe-T Airbag Company manufactures airbags that are used in automobiles. Fly Motor Company manufactures automobiles in which it must ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Prepaid rent for one year on January 1, 2019, in the amount of $95,760. Record the adjustment on January 31, 2019. Purchased supplies for $4,600 on January 1, 2019. The inventory of supplies was $2,200 on January 31, 2019.
Answers (1)
X, Inc., is a manufacturer that can produce 10,000 units per quarter at capacity. However, normal production ranges from 9,500 to 10,500 units.
Answers (1)
Djiboutiopia is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade with other countries.
Answers (1)
The IS-LM model's biggest drawback is that it doesn't consider changes in the investment leve1. True 2. False
Answers (1)
The line-balancing problem attempts to resolve the inconsistencies in the capacities at various stages in a product layout. a. True b. False
Answers (1)
New Questions in Business
Marquese is making 10 pounds of trail mix from raisins and nuts. Raisins cost $3.45 per pound, and nuts cost $7.95 per pound. How many pounds of raisins and how many pounds of nuts should marquese use for the trail mix to cost him $6.96 per pound?
Answers (2)
Ten Pins Manufacturing has 9 million shares of common stock outstanding. The current share price is $81, and the book value per share is $8. The company also has two bond issues outstanding.
Answers (1)
The higher the price of an antique, the greater people's expectation that the object is rare. That, in turn, makes the antique appear more valuable. If the statements above are correct, then offering an antique for sale at a bargain price:
Answers (1)
Elmer received the following distributions from Virginiana Mutual Fund for the calendar year 2019: Ordinary dividends $250 Capital gain distributions $170 Nontaxable distributions $80 Elsie, Elmer's wife, did not own any of the Virginiana Mutual
Answers (1)
Ocean Vessels, Inc., and Pacific Harbor Company enter into a contract for a sale of a boat. Ocean is a merchant who deals in goods of the kind sold. The goods are defective. Under the UCC, the implied warranty of merchantability is breached a.
Answers (1)