Purchasing Officer Question:
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Is a contract that does not state any particular quantity valid?


The Uniform Commercial Code (UCC) allows for the award of requirements contracts, which do not state any particular quantity. However, a requirements contract is only valid if the contract is awarded in "good faith." Sellers will normally ask for the contract to have an estimated quantity or a quantity range.

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Tell me can a shipment be rejected by just simply returning it?Is company liable for a purchase order valued at $100,000 placed by a purchasing agent that who has been granted authority only up to $50,000?