Question $3$

$2$ pts

A requirements contract

is a contract in which the parties do not know the exact number of units that will be purchased but, rather, is based on an understanding the buyer will purchase all or up to a stated number of units that the buyer needs $($such as "all the milk for the school for the upcoming school year"$).$

is referred to as an illusory contract since the number of units to be purchased is not known.

is not controlled by the UCC since the number of units to be purchased is unknown.

All the other answers are correct.