Regarding a deal for widgets, X wants to buy them from Y but only if Z (an alternative widget maker) does not soon develop an improved widget design. Also, X wants flexibility about the amount. X would like to commit to buying all he wants as of September 1, 2023. X's lawyers recommend that this be phrased in terms of X's needs as of that date. As it turned out, widget price increases have Y wanting to get out of his commitment to sell widgets to X. Discuss.

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In this scenario Xs requirement to purchase widgets from Y is contingent upon certain conditions nam... View the full answer