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Procurement Law And Contract Management(Pscm 026) Question Paper

Procurement Law And Contract Management(Pscm 026)

Course:Accounting, Finance& Investments

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS
Instructions: Answer question one and any other two questions.
Question One
Define
Contract
(1mk)
Promise
(1mk)
Offeror
(1mk)
Offeree
(1mk)
Procedures
(1mk)
During contract formation here are essential elements necessary for a contract to be valid. Explain the elements.
(10mks)
Differentiate between purchasing and procurement as used in procurement law and contract management.
(5mks)

Question Two
Explain four methods by which contracts may be terminated.
(8mks)
Discuss the different types of contracts in contract law and management.
(7mks)
What is privity of contract as found in terms of contract.
(5mks)

Question Three
Define tender?
(2mks)
Explain any three types of tenders.
(6mks)
Discuss various factors which are crucial during the tendering process.
(7mks)
What is ethics and why it is important for purchasing officers to be ethical.
(5mks)

Question Four
Briefly discuss a contract of sale of goods and what are the rules for determine transfer of property.
(10mks)
Explain the critical factors which must be considered to ensure contract management success.
(10mks)

Question Five
Distinguish between an agent and a principal
(2mks)
Briefly explain three duties of each two above in question a above.
When can agent are personally held liable in a contract.
(8mks)
Explain circumstance in which successful contract management can be defined as existing.
(4mks)

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