Cat's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cat's enters into an agreement with a cork exporter from Portugal to purchase all of the cork it needs to produce its products, this would be:

The correct answer is a requirements contract.

Explanation:

Contract requirements are those essential for a contract to simply be born into legal life, regardless of whether or not it does so with validity or effectiveness. Therefore, they refer to a mere question of fact that could respond to the question: is there a contract? Such requirements are: the expression of will, the existence of an object and a cause. Once these three requirements are met, the previous question can be answered affirmatively. Otherwise there is no contract, the event has not occurred. As the Civil Code does not contain norms related to this question of existence, the courts generally sanction the omission of any of the indicated requirements declaring the contract null.

requirements contract

Explanation:

A requirements contract is signed between a company and its vendor:

tell me the question and i will be able to answer : )

answer; that person may have a larger tax bill to pay on income taxes;