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Explain Me Is A Contract That Does Not State Any Particular Quantity Valid? |
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Answer» The Uniform Commercial CODE (UCC) allows for the award of requirements contracts, which do not state any particular quantity. However, a requirements contract is only VALID if the contract is awarded in "GOOD faith." Sellers will normally ASK for the contract to have an estimated quantity or a quantity range. The Uniform Commercial Code (UCC) allows for the award of requirements contracts, which do not state any particular quantity. However, a requirements contract is only valid if the contract is awarded in "good faith." Sellers will normally ask for the contract to have an estimated quantity or a quantity range. |
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