Which of the following may be a benefit for purchaser in using call off contract?

• A.Ability to discover new potential suppliers
• B.No long-term commitment required
• C.Secured supply
• D.Maintaining a degree of competition between suppliers

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An urgent component requirement needs to be purchased to meet the timescales of a project. A supplier proposes using its standard terms and conditions. What risk to the buying organisation could this bring?

• A.A breach of competition laws
• B.Contract conditions that are favourable to the buyer
• C.A breach of the supplier's internal financial controls
• D.Contract conditions that are favourable to the supplier

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Which of the following are most likely to be liabilities of suppliers under a guarantee clause? Select

• A.TWO that apply
• B.Repair
• C.Decommissioning
• D.Upgrading
• E.Replacement
• F.Installation

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A construction company is undertaking a housing development project. They need lots of bricks and other building materials, but the construction site doesn't have large area for storage of materials. Therefore, the company's suppliers must deliver the building materials with fixed quantity and at fixed time intervals. What type of contract is used between the construction company and its suppliers?

• A.Framework agreement
• B.Spot transaction
• C.One off contract
• D.Call off contract

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What is an example of the legal term an 'Invitation to treat'?

• A.A response to a quotation from a supplier
• B.An invitation to another person to make an offer to contract
• C.An invitation to work in partnership with another supplier
• D.A formal agreed contract between two or more parties

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