Norman Homes is a residential home builder. Norman Homes is planning on building either three or four homes during the next year, if they can line up enough customers. Even though Norman Homes does not know how many jobs or how much lumber they will need, they have signed a contract agreeing to purchase all of the lumber that they require from a local lumberyard. The lumberyard offered a significant discount for signing the contract now instead of waiting until the jobs are confirmed.

What is the term for a contract in which the buyer will purchase all of the specific goods that are required from the seller?

		Output contract
		Void contract
		Requirements contract
		Illegitimate contract

Erica used the Target app to purchase a new computer monitor for store pickup. A Target employee brought a computer monitor from the back of the store and brought it up to customer service and put Erica's name on it. Before Erica could come in and pick up the monitor, an employee bumped the monitor and it fell to the floor, broken. Who bears the risk of loss for the computer?

		Target because Erica had not yet taken possession
		Erica because Target had already put Erica's name on the monitor
		Erica unless Target breached the contract
		No one because it was an accident

The pandemic interfered with the ability of some companies to timely fulfil contracts because the business was not fully staffed. Another problem was that supply chains were disrupted leading to shortages of key items. What is the term for an excuse from performance under a contract when performance is only possible with extreme difficulty or at highly unreasonable expense?

		Contractual breach
		Commercial failure
		Specific performance
		Commercial Impracticability