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Procurement Law And Contract Management(Pscm 026) (Dpsm 026) Question Paper

Procurement Law And Contract Management(Pscm 026) (Dpsm 026)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME: 2 HOURS
Instructions:
Answer question One and any other two questions.
Question One
Give a detailed account of the advantages of tendering.
(10mks)
Discuss the legal concept of pivots of contract.
(10mks)

Question Two
Differentiate between the following terms as used in procurement law:
Invitation to react and an offer.
(5mks)
Conditions and warranties.
(5mks)
Express and implied terms of a contract.
(5mks)
Procurement and purchasing.
(5mks)

Question Three
Discuss the importance of ethics for procurement officers in a business set up. (20mks)

Question four
Discuss the concept of legal capacity in a sale of goods contract. (10mks)
Enumerate the remedies of an unpaid seller.
(10mks)

Question Five
Discuss the situations where the agent may be held personally liable in an agency. (5mks)

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