Legal tender - Study guides, Class notes & Summaries

CIPS - L4M3 Commercial Contracting - CHAPTER 1Difference between Estimate, Quote and Tender (1.1, p. 2) - correct answer Estimate = has no legal standing, simply a 'best guess' by the supplier. *NOT a firm offer*. should be avoided within a commercial contract Tender / Quotation = *both are firm offers* to do something at a quoted rate or price. Tenders are more comprehensive / detailed. Quotation (1.1, p.3) - correct answer - normally used when the only variable is price - T/Cs are of...

L4M8 - Theories Exam Questions And Answers The CIPS Procurement Cycle - ANS Stage 1 - Understand need and develop a high-level specification Stage 2 - Market/commodity options including make-versus-buy assessment Stage 3 - Develop strategy/plan Stage 4 - Pre-procurement market tests and market engagement Stage 5 - Development of required documentation, e.g. request for quotation (RFQ) Stage 6 - Supplier selection to participate in an invitation to tender (ITT) exercise Stage 7 - I...

MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 () - DUE 19 September 2023.Detailed working, solutions, memo, notes & explanations.................. QUESTION 1 (30 MARKS) Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is considering a career shift. At present, she is a credit provider (mashonisa) where she owns and runs the money lending business throughout the Eastern Cape under the name BZN Agri-Retailers (PTY) LTD. Having been in this business for ...

Which regulator makes and enforces rules which govern the capital adequacy of Australian Banks? - The Australian Prudential Regulation Authority - APRA What events occurred in the Banking Industry in 1800s and early 1900s? - First Bank in Australia was Bank of NSW, Established in 1817 Sydney. Discovery of gold in 1851 led to minting of Australia's own gold coins spurring development of Banking. Boom in Australian property market in 1800s led to Banking crisis in 1893. What events oc...

CIPS L4M2 Defining Business Need questions correctly answered 2024/2025Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Modified rebuy purchase When new-task purchases are changed on repeat orders or straight rebuy purchases are modified N...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

PVL3704 PORTFOLIO MEMO - MAY/JUNE 2022 - SEMESTER 1 QUESTION 1 Discuss the requirement that the defendant must have been enriched. (10) QUESTION 2 In McCarthy Retail Ltd v Shortdistance Carriers CC 2001 (3) SA 482 (SCA) para [9] the court said: “We now know from the hard print that there is a common-law basis for the acceptance of a general enrichment action, at least one of a subsidiary nature. In this respe...

Fiat Money correct answers Paper money that is not redeemable for a real commodity Continental Currency correct answers supposed to be able to be redeemed for gold/ silver but didn't hold much value. As war dragged on, they kept printing leading to inflation Repressed Inflation correct answers Inflation combined with maximum price control laws Legal Tender Law correct answers a law that requires that a certain currency be accepted in trade or in payment of debts Interest correct ans...

PVL3704 PORTFOLIO MEMO - OCT./NOV. 2023 - SEMESTER 2 - UNISA - DUE 30 OCTOBER 2023 - DETAILED ANSWERS WITH FOOTNOTES & BIBLIOGRAPHY- DISTINCTION GUARANTEED! QUESTION 1 Write a critical discussion on the existence of a general enrichment action in South African law. (15) QUESTION 2 Company A is under the mistaken impression that it owes R50,000 to Company B and pays this amount again. However, the amount has already been paid to B by A's bookkeeper. B, who is unaware that the amount has ...

A patient says he's going to commit suicide, what should do? - Have Pt. Sign a "No Self-Harm" contract and refer to primary care phsician on a semi-urgent basis. Young man had very high energy, and didn't have to sleep much just a couple days ago, now feeling exhausted and sad. Diagnosis: - Bipolar disorder 65 years male is living in nursing house after 6 months of post stroke, he doesn't like talk to anyone, social withdraw; doesn't like to move and like to lie down in the bed; he r...