Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which statement is the most accurate in relation to cases involving tenders for a building project? A) If there is a process contract in such

Which statement is the most accurate in relation to cases involving tenders for a building project?

A) If there is a process contract in such a case, the contract always requires the principal to accept the complying tender with the lowest price.

B) Two contracts are formed in every case: the building contract, and the process contract governing how tenders are to be evaluated.

C) If there is a process contract in such a case, the principal must consider all tenders fairly and in good faith regardless of whether the contract expressly says something to that effect.

C) The principal has the obligation to consider all tenders fairly and in good faith regardless of whether there is a process contract.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Law Text Cases And Materials

Authors: Elizabeth Fisher, Bettina Lange, Eloise Scotford

2nd Edition

0198811071, 978-0198811077

More Books

Students also viewed these Law questions