Frank's Furniture Company promised in a written agreement to purchase as much walnut wood "as it desires" from Forestry Products, Inc If Frank's purchased walnut wood from another source and Forestry Products sued, what is the likely result?


Frank's is not obligated to purchase anything from Forest Products under this contract. Therefore, the contract is illusory and fails for lack of consideration. Forestry Products could not win a suit to enforce an agreement.

Business

You might also like to view...

Peters and Waterman’s book was entitled In Search of ______.

a. Wisdom b. Nirvana c. Excellence d. The Holy Grail

Business

Mark wants to give Susan his car. How can he effectively "deliver" it?

a. By giving Susan the keys. b. By giving her an indorsed title certificate. c. By making her take it for a period of time. d. By giving her a bill of sale for it. e. By giving her an indorsed title certificate or by giving Susan the keys.

Business

Surveys do not allow many employees to participate in the needs assessment process.

Answer the following statement true (T) or false (F)

Business

Some of the requirements for the error variable in a multiple regression model are that the probability distribution is ____________________ with a mean of ____________________

Fill in the blank(s) with correct word

Business