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No, output contracts can be binding contracts. An output contract is where one party contracts to purchase all of the goods made by a second party. It appears to be an illusory agreement because the manufacturer could essentially decide to make nothing and then the purchaser would have nothing to purchase. However, under the Uniform Commercial Code, adopted by 49 states, manufacturers are held to a reasonableness standard when manufacturing their products for sale in an output contract. They may be held by a court to be in breach if they have not performed reasonably under the terms of the contract.
What else can I help you with?
What is the name for an illusory visual form?
op art
How do you use the noun of illusory in a sentence?
The word 'illusory' is an adjective, a word that describes a noun as causing illusion, deceptive, misleading. The noun form is 'illusion'. Example sentences: Adjective: The benefit of a 'cash back credit card' is illusory money. Noun: It's an illusion because you paid the money in the form of interest.
free legal form for contract for deed ?
free legal form for contract for deed
What is the title of a release form for an Installment Land Contract?
"Installment Land Contract Release Form"
Is sound from speakers a form of output?
as the sound comes out of the speakers its an output
What unit do you use to measure the output?
The answer depends on what form the output takes.
What are the Output devices of a wearable computer?
output is in the form of light,display or voice....
What is the full form of special?
the full form of special is that you have something or someone who is special to you.
Would animation be a form of both magic and imagination?
NO. It is a mixture of imagination and drawing. There is nothing magical, illusory, or supernatural about animation.
Is a inkjet printer a input or output?
output
What are the simplest form of motor output?
heat
Is a contract under seal a formal contract?
Contracts under seal are a type of formal contract that involves a formalized writing with a special seal attached IN the past the seals were often made of wax and impressed on the paper document. Today, the significance of the seal in contract law has lessened, though standard-form contracts still sometimes include a place for a seal next to the signature lines.
