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If a buyer agrees to purchase all the widgets I require and the seller agrees to sell him all the widgets you require is there
If a buyer agrees to purchase "all the widgets I require" and the seller agrees to sell him "all the widgets you require" is there sufficient consideration?
1 Yes, because this is a requirements contract.
2 No, this is illusory.
3 Yes, because this is an output contract.
4 No, because without knowing the number of widgets, there can be no bargained-for exchange.
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