Question: An agreement between competent parties, for valid consideration, to accomplish some lawful purpose with terms clearly set forth is called a: a. Procurement. b. Solicitation.

An agreement between competent parties, for valid consideration, to accomplish some lawful purpose with terms clearly set forth is called a:

a. Procurement.

b. Solicitation.

c. Contract.

d. Letter of intent.

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 Construction Project Management Questions!

Q:

1. Referencing the State of Kansas contract, you will find this is an IDIQ contract. Which other contract type could have been used for this contract? What are the pro and cons of the contract type...

Q:

ANALYSIS OF THE MOLVANIAN FARMOUT AGREEMENT Your client, Rockies Oil Co., has asked you to provide advice based on a Farmout Agreement (marked "Appendix A") and the following facts: Rockies Oil and...

Q:

ANALYSIS OF THE MOLVANIAN FARMOUT AGREEMENT Your client, Rockies Oil Co., has asked you to provide advice based on a Farmout Agreement (marked "Appendix A") and the following facts: Rockies Oil and...

Q:

ANALYSIS OF THE MOLVANIAN FARMOUT AGREEMENT Your client, Rockies Oil Co., has asked you to provide advice based on a Farmout Agreement (marked "Appendix A") and the following facts: Rockies Oil and...

Q:

ok so here is a full explanation for both questions The first question is: On the second image it asks "But what if the Pepsi points contract required only a promise from contestants to send in Pepsi...

Q:

1. Which of the following is a false statement? A.An offer for a unilateral contract generally may be able to be revoked at any time prior to the performance of the requested act. B.Under the...

Q:

USING THE I-R-A-C STRUCTURE IN WRITING EXAM ANSWERS The IRAC method is a framework for organizing your answer to a business law essay question. The basic structure is: Issue, Rule, Analysis, and...

Q:

Why is risk management important to an exhibition management company? To an exhibitor? title Author ISBN Publisher Publication Date Professional Meeting Management Professional Convention Management...

Q:

I need a well written student case brief including the following: Facts: statement of the facts of the case General Analysis: the legal principles used to decide the case, including the Issue and...

Q:

GCL Chapters 10 - 12 PROTESTS, the CLAIM PROCESS and COSTS of LITIGATION ASCM 650 Prof. Lawrence Jordan III, Esq. The Protest - What Can Be Protested? The solicitation package (Request for...

Q:

State whether the following description of preferences violates any of the four axioms of consumer preferences or not and why. a. (3 points) Cynthia loves to binge-watch Netflix shows. After watching...

Q:

Write a paper in which you need to address the following: Do the key factors of IT outsourcing cognitions satisfaction and trust create a positive relationship with outsourcing continuance with ASP?...

Q:

Question 3 5 1 pts Accounting is a system of recording classifying, summarting, and analying financial information. True or False? False Tine Question 3 6 1 pts

Q:

a. Financial statements should aid the user of the statements in making decisions. In your opinion, would the user of the statements be aided if there were a distinction between financial reporting...