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Non-disclosure
Non-disclosureA . 3 and 4 only B. 1 and 4 only C. 1 and 2 only D. 2 and 3 onlyView AnswerAnswer: D Explanation: There are a number of ways for an offer to be terminated. They are events that may occur after an offer has been made which bring...
Non-disclosure
Non-disclosureA . 3 and 4 only B. 1 and 4 only C. 1 and 2 only D. 2 and 3 onlyView AnswerAnswer: D Explanation: There are a number of ways for an offer to be terminated. They are events that may occur after an offer has been made which bring...
Which of the following are likely to be advantages of using invitation to tender? Select TWO that apply:
Which of the following are likely to be advantages of using invitation to tender? Select TWO that apply:A . Short turnaround times B. Quick implementation C. Driving forward planning culture D. Lower administration costs E. Reducing risks of bribery and corruptionView AnswerAnswer: C,E Explanation: Advantages of using invitation to tender...
Which of the following may be a benefit for purchaser in using call off contract?
Which of the following may be a benefit for purchaser in using call off contract?A . Ability to discover new potential suppliers B. No long-term commitment required C. Secured supply D. Maintaining a degree of competition between suppliersView AnswerAnswer: C Explanation: Benefits for the purchaser in using call off contract...
The changes to the contract are known as...?
XYZ Ltd and Engineer Corp signed a long-term supply contract in which both parties had agreed on performance targets. Recently, due to increased customer demands, XYZ Ltd realises that they should make changes to the contract with Engineer Corp with regards to performance management. These changes are approved and signed...
Which of the following is used to detail the complex matter that may be verbiage to the main document?
Which of the following is used to detail the complex matter that may be verbiage to the main document?A . Contract variation B. Schedule C. Subcontracting D. Standard terms and conditionsView AnswerAnswer: B Explanation: Without further explanation, a schedule may be deemed to form an integral part of the obligations...
Which of the following contracts would be best suited to a ‘variable pricing’ arrangement?
Which of the following contracts would be best suited to a ‘variable pricing’ arrangement?A . A contract for window cleaning during the next three months B. A contract for road building estimated to take five years to complete C. A contract for the supply of 100 printing machines to be...
Which of the following will be always automatically deemed as a consideration?
Which of the following will be always automatically deemed as a consideration?A . Promise to perform over and above an existing obligation B. Promise given to a third party C. Implied consideration D. Past considerationView AnswerAnswer: A Explanation: Consideration only appears in common law countries. Below are some examples of...
Cleveland brought the case to the court and sought rescission of contract with Digital. Is Cleveland’s claim appropriate in this case?
Cleveland Insurance (Cleveland) offers a range of insurance services. The main software used in the call centre is a customer relationship management (CRM) system. Cleveland perceived an urgent need to replace the existing CRM system to deal with the increasing number of customers and services. Urgent Digital Ltd (Digital) is...
Cleveland brought the case to the court and sought rescission of contract with Digital. Is Cleveland’s claim appropriate in this case?
Cleveland Insurance (Cleveland) offers a range of insurance services. The main software used in the call centre is a customer relationship management (CRM) system. Cleveland perceived an urgent need to replace the existing CRM system to deal with the increasing number of customers and services. Urgent Digital Ltd (Digital) is...
