Question: By submitting a tender, a party normally1) creates an enforceable contract, called an option, to create another contract in the future.2) prevents the other party

By submitting a tender, a party normally1) creates an enforceable contract, called an option, to create another contract in the future.2) prevents the other party from revoking its bid.3) accepts an offer to enter into a contract for services.4) creates an invitation to treat.5) accepts an offer to enter into a fair bidding process.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

*9.8 Ewan began trading on 1 April 2016. A brief summary of his income statement for the year to 31 March 2017 (prepared on the accruals basis) is as follows: Sales 68,750 Less: Cost of sales:...

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Please help me answer this question using the IRAC method, i have also included Chapter 7 of the textbook under the case study below to help you answer. Mini case study 2 Tammy has a large collection...

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Read the article, "John D.R. Leonard, Plaintiff, -against- PepsiCo, Inc., Defendant," found on the website provided in the Reading & Study folder. Watch the presentations (also found in the Reading &...

41. Jack offers to sell his house to Bill. He prepares a written offer but mistakenly transposes some numbers and offers to sell for $189,000 instead of $198,000 intended. He sends the offer to Bill...

A PDF version of this assignment is attached.I'll also put it in the Assignments folder in Files.As usual, you'll answer the questions in the online version.That version will be available for you to...

Take Test: SECOND TEST - LEB Fall 2017 - 17SP Legal Env ... Question 53 When parties fail to expressly agree on the terms of a sales contract, a. the contract is automatically void. b. the contract...

[1]The respondent Northern was a general contractor, and the appellant Gloge was a mechanical subcontractor. In August 1980 the Government of Canada (the owner) invited tenders from contractors for...

Predict the dataset by drawing a decision tree using Gini index. Show the calculation. Setting separation for A=5.0, B=3.0, C=4.2 and D=1.4. Patient ID Test1 Test2 Test3 Test4 Result C1 4.8 3.4 1.9...

A manufacturer reports the following for the month. $ 84,200 Raw materials purchased on credit Direct materials used $ 48,800 $ 20,600 Direct labor used Overhead rate Cost of goods manufactured Cost...

Executive dasbboards provide support primarily to analytical, quantitative types of decisions. True False

Use the Wave accounting software to set up MY Brain accounts. MY Brain is a retail shop that sells electrical appliances. The transactions for the month of July are as follows: Transactions July 1...