Rabby Inc Is an Oil Exploration Company That Wants a Sophisticated

Multiple Choice

Rabby Inc is an oil exploration company that wants a sophisticated piece of equipment to be designed for its operations in northern Alberta.It therefore wants to receive bids from various engineering companies.In the context of a normal tendering process, which of the following statements is TRUE?

A) Each engineering company that participates will issue an invitation to treat, an offer, and an acceptance.
B) An engineering company should carefully check its cost calculations before submitting its bid because that bid will be turned into Contract A if Rabby Inc accepts it.
C) The law will recognize Contract B in order to protect Rabby Inc while it evaluates the bids that it has received.
D) Rabby Inc will communicate an offer to enter into a fair bidding process, issue an invitation to treat for the offers for the design contract, and accept one engineering company's offer to design the equipment.
E) A tendering process will exist only if the parties satisfy a number of statutory requirements.