A contract where a seller agrees to provide all the goods or products that a buyer needs, usually at a lower price and in exchange for the buyer's agreement to purchase it's requirements for those goods and products exclusively from the seller. The opposite approach to an output contract. … [Read more...]

An act done by a testator from which it can be concluded that be intended that an instrument which had been revoked by him, should operate as his will; or it is the re-execution of a will by the testator, with a view of giving it full force and effect. 2. The republication is express or implied. It is express when there has been an actual re-execution of it; it is implied when, … [Read more...]

A demand in writing, or formal request or requirement Bain v. State, 61 Ala. 79; Atwood v. Charlton, 21 R. I. 568, 45 Aa 580. In international law. The formal demand by one government upon another, or by the governor of one of the United States upon the governor of a sister state, of the surrender of a fugitive criminal. In Scotch law. A demand made by s creditor that a debt be … [Read more...]

To repudiate a right is to express in a sufficient manner, a determination not to accept it, when it is offered. 2. He who repudiates a right cannot by that act transfer it to another. Repudiation differs from renunciation in this, that by the former he who repudiates simply declares that he will not accept, while he who renounces a right does so in favor of another. … [Read more...]

Rejection; disclaimer; renunciation; the rejection or refusal of an offered or available right or privilege, or of a duty or relation. See Iowa State Sav. Bank v. Black, 91 Iowa, 490, 59 N. W. 283; Daley v. Saving Ass'n, 178 Mass. 13, 59 N. E. 452. The refusal on the part of a state or government to pay its debts, or its declaration that its obligations, previously contracted, … [Read more...]