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Introduction To Principles And Practices Of Contract Management(Pmgt 025) Question Paper

Introduction To Principles And Practices Of Contract Management(Pmgt 025)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS
Instructions:
Answer any three questions.
Question One
Discuss the concept of legal capacity for the following groups
(20mks)
Infants and minors
Corporations
Drunk and insane persons
Discuss the legal concept of privity of contract

Question Two
Outline the various ways in which a contract can be terminated. (20mks)

Question Three
Evaluate the various remedies available to an innocent person in case of breach of a contract. (20mks)

Question Four
Discuss the consequences of mismanagement of contracts.
Which factors are considered essential for good contract management?
(20mks)

Question Five
Discuss the indicators of a successfully managed contract.
Outline the difference between an acceptance and a counter offer as explained in the case of hyde verse wrench.
(20mks)

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