Project Management Professional (PMP) Practice Exam

In most jurisdictions, a legally required order of formal statements establishing a contract is:

1. Invitation to treat, offer, PO

2. Inquiry, bid, order

3. Offer, acceptance

4. MoU, LoI, final agreement

The correct answer is: Offer, acceptance

In most jurisdictions, the legally required order of formal statements establishing a contract is an offer followed by acceptance. This means that one party must make a clear and definite proposal to form a contract, and the other party must accept this proposal without making any additional or contradictory terms. Option A is incorrect because an invitation to treat is not a legally required part of establishing a contract. It is simply a preliminary stage where one party invites the other to make an offer. PO stands for purchase order, which is typically not a required part of establishing a contract. Option B is also incorrect because a bid is a response to an invitation to treat, not a legally required statement for forming a contract. An inquiry is also not a necessary part of establishing a contract. Option D is incorrect because MoU (Memorandum of Understanding) and LoI (Letter of Intent) are usually not legally binding agreements and are