- All Exams Instant Download
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...
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 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...
To check whether supplier actually complies with the labour standards set out in the contract, the purchaser should have...?
To check whether supplier actually complies with the labour standards set out in the contract, the purchaser should have...?A . Right to penalise the supplier B. Right to terminate the contract C. Right of audit D. Right to rescind the contractView AnswerAnswer: C Explanation: Many firms have compliance policies for...
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 set down in statute as a liability that exists without any need to prove fault?
Which of the following is set down in statute as a liability that exists without any need to prove fault?A . Strict liability B. Current liability C. Contingent liability D. Non-current liabilityView AnswerAnswer: A Explanation: - Strict liability, sometimes called absolute liability, is the legal responsibility for damages, or injury,...
A term can never be implied, it must always be expressed by the parties
A term can never be implied, it must always be expressed by the partiesA . 1,3 and 4 only B. 1, 2 and 3 only C. 1, 2 and 4 only D. 2, 3 and 4 onlyView AnswerAnswer: B Explanation: An implied term is a term which the courts imply...
Is the government only source of industrial standards within a country?
Is the government only source of industrial standards within a country?A . No, the government can only adopt standards regarding security and defence B. Yes, while ISO make standards for international trade, the government standardises other facets of their country C. No, an organisation can also generate its own internal...
A term can never be implied, it must always be expressed by the parties
A term can never be implied, it must always be expressed by the partiesA . 1,3 and 4 only B. 1, 2 and 3 only C. 1, 2 and 4 only D. 2, 3 and 4 onlyView AnswerAnswer: B Explanation: An implied term is a term which the courts imply...
Under a framework agreement, which of the following are supplier selection mechanisms? Select TWO that apply:
Under a framework agreement, which of the following are supplier selection mechanisms? Select TWO that apply:A . Rescission of contract B. Mini competition C. Contract for lease D. Direct call-off E. Call off contractView AnswerAnswer: B,D Explanation: A framework agreement is an agreement with one or more suppliers/providers which sets...
