Which of the Following Is the First Rule of Purchasing

question 16

Multiple Choice

Which of the following is the first rule of purchasing?

• A)Check all items ordered when received. 
• B)Check invoices against items delivered. 
• C)Nothing is ordered or paid for without a purchase order. 
• D)Pay only for items received. 
• E)Do not pay for any orders before 30 days.

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Definitions:

Undue Influence

An improper or wrongful pressure exerted on a person, resulting in the person acting against their free will or in a manner not reflective of their intent.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Rejection

The refusal to accept an offer or proposal, in the context of contracts, it is the refusal to agree to the terms.

Valid

A term applied to a contract that includes all four elements of a contract: agreement (offer and acceptance), consideration, contractual capacity, and legal object.