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n ABC Corp and XYZ Inc. prepared a document in January 2013, where both agreed to the following - ABC Corp will be buying
n ABC Corp and XYZ Inc. prepared a document in January 2013, where both agreed to the following - "ABC Corp will be buying material supplies of 1000 units from XYZ Inc. twice a year for a period of three years at a price of $100 per unit subject to further negotiations." In March 2013, XYZ Inc. supplied material of 1000 units to ABC Corp and received $100,000 for the same. In October when the second supply is due ABC Corp refuses to buy supplies from XYZ Inc. stating there was no contract as per the document. Can XYZ Inc. sue ABC Corp for breach of contract? Select one: C Fi O a. Yes. Because the document provided an intention to create legal relations. Ti O b. Yes. Because even though the document was an intention to create a contract (implied by the wordings, subject to further negotiations), their actions in March 2013 has actually made it a contract O c. No. Because, there is no contract when it is subject to further negotiations and hence the purchase made in March 2013 will be treated as a one-time business and cannot be continued for three years without a contract Od. No. Because there was no consideration.
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