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Which of the following documents are likely to have legal standing? Select TWO that apply:
Which of the following documents are likely to have legal standing? Select TWO that apply:A . Quotation B. Request for information C. Tender D. Requisition E. EstimateView AnswerAnswer: A,C Explanation: A quotation and a tender are both firm offers which have legal standing to the offeror. Tenders are more detailed...
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...
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...
Under English law's general legal principles of contract formation, which of the following are likely to be offers? Select TWO that apply.
Under English law's general legal principles of contract formation, which of the following are likely to be offers? Select TWO that apply.A . Invitation to tender B. Quotation C. Purchase order D. Advertisement E. CatalogueView AnswerAnswer: B Explanation: An offer is a full statement of what the offeror is willing...
Technical and physical characteristics of the product
Technical and physical characteristics of the productA . 2 and 4 only B. 1 and 2 only C. 1 and 4 only D. 2 and 3 onlyView AnswerAnswer: D Explanation: There are 2 major types of specifications:
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 should be included in the head contract so that Southward can sue IBM, should the need arise?
Southwark is negotiating a contract with Orchard to provide software and IT services. Orchard will manufacture and install the products which are contractually supplied by IBM. Southwark’s procurement manager is worried that during the contract there would be some problems that they would not able to claim for damages from...
Express terms in a contract are stated in which of the following? Select TWO that apply
Express terms in a contract are stated in which of the following? Select TWO that applyA . Orality B. Idea C. Trade customs D. Writing form E. StatutesView AnswerAnswer: A,D Explanation: Express terms are the terms of the agreement which are expressly agreed between the parties. Ideally, they will be...
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...
