NJ QPA EXAM NEWEST ACTUAL EXAM COMPLETE 300
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
Dillion's Rule (1868) - ANSWER: states that local governments do not have any
inherent sovereignty and instead must be authorized by state governments that can
create or abolish them
Cooley Doctrine - ANSWER: Local government is a matter of absolute right and the
state may not take it away.
Forms of NJ Municipal Government - ANSWER: Boroughs, Commissions, Municipal
Mgr, Town, Township, Village, and Cities. Optional Faulkner Act.
What is 'common rule'? - ANSWER: State and cities are required to adhere to Federal
laws. Must do the stricter of the them.
The purpose of the Uniform Commercial Code: - ANSWER: a. to simplify, clarify and
modernize the law governing commercial transaction; b. to permit the continued
expansion of commercial practices through custom, usage and agreement of the
parties; and c. to make uniform the law among the various jurisdictions.
What is the 'Battle of the forms'? - ANSWER: The battle of the forms generally refers
to the situation where buyers send out purchase orders and sellers respond with
sales acknowledgement forms but, although the fronts of the documents basically
match up, the backs are fundamentally different.
warranty of title - ANSWER: The seller warrants that the title being conveyed is good
and that the transfer is lawful.
Expressed Warranty - ANSWER: an oral or written statement by the seller
Implied Warranty of Fitness for a Particular Purpose - ANSWER: Seller is aware of the
purpose of the need of buyer and that the buyer expects those goods to meet that
need.
3 Ways agents are given authority - ANSWER: 1. Express Authority - Public
Purchasing must be in writing. 2. Implied Authority - Unstated but necessary to
perform one's duty for an employer. 3. Apparent Authority - Supplier believes
authority exists and is not told otherwise.
Nature of Contract - ANSWER: Is either expressed or implied. It is promise(s) that the
Law of Contracts recognizes and a remedy is available for breach.
, Basic characteristics of a contract - ANSWER: Any agreement, written (PO)or
otherwise, that is legally binding, in which a vendor is providing goods or services in
exchange for compensation.
Four elements must be present in any contractual situation - ANSWER: 1. Capable
parties 2. Mutual Consent 3. Lawful Objective 4. Sufficient reason to contract
(consideration)
To form a contract there must the following: - ANSWER: 1. Offer 2. Acceptance 3.
Consideration
Contract Conditions. Define Guarantee and Warranty - ANSWER: Guarantee is to
reduce buyer's sense of risk. Warranty is a promise of certain quality and conform to
certain standards. To protect buyer from poor workmanship and defects.
Types of Contracts - ANSWER: 1. Firm Fixed Pricing 2. Agreement with Escalation
Provisions 3. Open Ended 4. Lease 5. Lease with an option to purchase 6. Time and
Material
Methods of selecting vendors - ANSWER: 1. Competitive Contracting 2. Proprietary 3.
Competitive Quote 4. Emergency Contract 5.Competitive Sealed Bidding
Define Public Purchasing - ANSWER: Process of obtaining goods and services for the
public in accordance with law and procedures in an effort to spend public funds in
the most economical way possible.
The six R's - ANSWER: Right Quality
Right Quantity
Right Time
Right Price
Right Source
Right Manner
Objective of Centralized Purchasing - ANSWER: To achieve savings through efficient
management and volume purchasing.
Three C's needed in Centralized Purchasing - ANSWER: 1. Cooperation 2.
Coordination 3. Communication
Methods of disposing of excess, surplus or obsolete assets - ANSWER: 1.Sealed Bids
2. Public Auction 3. Transfer 4. Trade Ins 5. Sell to another contracting unit
Define Specification - ANSWER: Concise statement of a set of requirements to be
satisfied by a product, material or purpose.
Specification includes: - ANSWER: 1. Terms & Conditions 2. Technical Requirements
3. Various forms required by #1 and #2
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
Dillion's Rule (1868) - ANSWER: states that local governments do not have any
inherent sovereignty and instead must be authorized by state governments that can
create or abolish them
Cooley Doctrine - ANSWER: Local government is a matter of absolute right and the
state may not take it away.
Forms of NJ Municipal Government - ANSWER: Boroughs, Commissions, Municipal
Mgr, Town, Township, Village, and Cities. Optional Faulkner Act.
What is 'common rule'? - ANSWER: State and cities are required to adhere to Federal
laws. Must do the stricter of the them.
The purpose of the Uniform Commercial Code: - ANSWER: a. to simplify, clarify and
modernize the law governing commercial transaction; b. to permit the continued
expansion of commercial practices through custom, usage and agreement of the
parties; and c. to make uniform the law among the various jurisdictions.
What is the 'Battle of the forms'? - ANSWER: The battle of the forms generally refers
to the situation where buyers send out purchase orders and sellers respond with
sales acknowledgement forms but, although the fronts of the documents basically
match up, the backs are fundamentally different.
warranty of title - ANSWER: The seller warrants that the title being conveyed is good
and that the transfer is lawful.
Expressed Warranty - ANSWER: an oral or written statement by the seller
Implied Warranty of Fitness for a Particular Purpose - ANSWER: Seller is aware of the
purpose of the need of buyer and that the buyer expects those goods to meet that
need.
3 Ways agents are given authority - ANSWER: 1. Express Authority - Public
Purchasing must be in writing. 2. Implied Authority - Unstated but necessary to
perform one's duty for an employer. 3. Apparent Authority - Supplier believes
authority exists and is not told otherwise.
Nature of Contract - ANSWER: Is either expressed or implied. It is promise(s) that the
Law of Contracts recognizes and a remedy is available for breach.
, Basic characteristics of a contract - ANSWER: Any agreement, written (PO)or
otherwise, that is legally binding, in which a vendor is providing goods or services in
exchange for compensation.
Four elements must be present in any contractual situation - ANSWER: 1. Capable
parties 2. Mutual Consent 3. Lawful Objective 4. Sufficient reason to contract
(consideration)
To form a contract there must the following: - ANSWER: 1. Offer 2. Acceptance 3.
Consideration
Contract Conditions. Define Guarantee and Warranty - ANSWER: Guarantee is to
reduce buyer's sense of risk. Warranty is a promise of certain quality and conform to
certain standards. To protect buyer from poor workmanship and defects.
Types of Contracts - ANSWER: 1. Firm Fixed Pricing 2. Agreement with Escalation
Provisions 3. Open Ended 4. Lease 5. Lease with an option to purchase 6. Time and
Material
Methods of selecting vendors - ANSWER: 1. Competitive Contracting 2. Proprietary 3.
Competitive Quote 4. Emergency Contract 5.Competitive Sealed Bidding
Define Public Purchasing - ANSWER: Process of obtaining goods and services for the
public in accordance with law and procedures in an effort to spend public funds in
the most economical way possible.
The six R's - ANSWER: Right Quality
Right Quantity
Right Time
Right Price
Right Source
Right Manner
Objective of Centralized Purchasing - ANSWER: To achieve savings through efficient
management and volume purchasing.
Three C's needed in Centralized Purchasing - ANSWER: 1. Cooperation 2.
Coordination 3. Communication
Methods of disposing of excess, surplus or obsolete assets - ANSWER: 1.Sealed Bids
2. Public Auction 3. Transfer 4. Trade Ins 5. Sell to another contracting unit
Define Specification - ANSWER: Concise statement of a set of requirements to be
satisfied by a product, material or purpose.
Specification includes: - ANSWER: 1. Terms & Conditions 2. Technical Requirements
3. Various forms required by #1 and #2
