In a Purchasing Process, Once Requirements Are Determined and a Vendor

question 104

Multiple Choice

In a purchasing process, once requirements are determined and a vendor selected, the next step is:

• A)the purchase requisition
• B)the purchase order
• C)receive goods and services
• D)a vendor acknowledgment

---

Definitions:

Breach Of Contract

The failure to perform any term of a contract, written or oral, without a legitimate legal excuse.

Cause Of Action

A cause of action is a set of facts sufficient to justify a right to sue to obtain money, property, or the enforcement of a right against another party.

Anticipatorily Repudiated

A doctrine in contract law where one party, ahead of time, indicates that they will not fulfill their contract obligations, allowing the other party to treat the contract as breached.

Executory

Pertaining to a contract or agreement that has been made but not yet fulfilled by one or more of the parties involved.