They are to purchase all the balsam fir tree boughs that it will need to make christmas wreaths for the christmas season. This contract is
A) A void contract based on illegal consideration
B) a requirements contract
C) Based on a promise that lacks consideration
D) An illusory contract
E) An outputs contract
Seaonal selections enters into a contract w/ arthurs tree farm.?
I believe it is C. The agreement is based on a purchase of balsam boughs, but there is no agreement as to the selling price of said balsam fir boughs. However you might want to check your book as I haven't taken business law in a while.
Edit: The contract to sell is consideration on the part of the seller, but the lack of an agreed sale price is lack of consideration on the buyer's behalf.
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