Loudon Offers to buy all the bark that Riverview Garden has available For sale and Riverview agrees to the transaction. This is called:
A) A variable contract
B) An option contract
C) An open contract
D) An output contract

Respuesta :

Answer:

The scenario described, where Loudon offers to buy all the bark that Riverview Garden has available for sale, and Riverview agrees to the transaction, is an example of:

D) An output contract.

An output contract is a type of contract in which a seller agrees to sell all of its output to a particular buyer, and the buyer agrees to purchase everything the seller produces. In this case, Riverview Garden is agreeing to sell all of its available bark output to Loudon.