A promises to pay B $500 'because you rescued my dog last month.' Why is the promise unenforceable under the traditional rule?
QUESTION
What constitutes consideration under the bargained-for exchange test?
QUESTION
What saves a requirements contract from being illusory?
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ANSWER
The buyer's obligation to purchase in good faith all the goods it actually requires. The good-faith limit means the buyer has given up the freedom to buy elsewhere.