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Which of the following is the set of principles that enables courts to determine exactly what the written contract says and what that must mean, then the court will uphold that?
Which of the following is the set of principles that enables courts to determine exactly what the written contract says and what that must mean, then the court will uphold that?A . Order of precedence B. Rules of interpretation C. Unfair Contract Act 1977 D. Rules of contract formationView AnswerAnswer:...
According to mailbox rule in some common law countries, at which point the offeree's acceptance will be effective?
According to mailbox rule in some common law countries, at which point the offeree's acceptance will be effective?A . When the letter of acceptance is opened and its contents read by the offeree. B. When the letter of acceptance is received by the offeror. C. When the letter of acceptance...
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...
Consequences and actions that arise from certain KPI scores must be...? Select TWO that apply.
Consequences and actions that arise from certain KPI scores must be...? Select TWO that apply. A. Mutually agreed B. Deliberately omitted C. Documented D. Unilaterally imposed by the purchaser E. TerminatedView AnswerAnswer: A,C Explanation: Supplier performance management and monitoring is a fundamental part of contract management. It starts with setting...
Which of the following is the procedure that makes no further competition under a framework agreement?
Which of the following is the procedure that makes no further competition under a framework agreement?A . Closed system B. Direct call-off C. Standing offer D. Blanket orderView AnswerAnswer: B Explanation: Direct call off is the act of placing an order under a framework agreement without having further competition. Standing...
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...
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...
Governance
GovernanceA . 2 and 3 only B. 1 and 2 only C. 1 and 4 only D. 3 and 4 onlyView AnswerAnswer: A Explanation: Information Assurance (IA) Information Assurance (IA) is the practice of managing information-related risks and the steps involved to protect information systems such as computer and network...
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 is the procedure that makes no further competition under a framework agreement?
Which of the following is the procedure that makes no further competition under a framework agreement?A . Closed system B. Direct call-off C. Standing offer D. Blanket orderView AnswerAnswer: B Explanation: Direct call off is the act of placing an order under a framework agreement without having further competition. Standing...
