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Commercial and Taxation Laws
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Under RA 11659, Sec. 9, which statement best describes the liabilities of the parties in the following scenario? A public officer, Head of the City Procurement and Bidding Office, accepts ₱1,800,000 from Developer V to secure the awarding of a city-wide water supply contract for a new treatment plant. The contract is awarded via direct negotiation without competitive bidding, and the official acts to bypass the required public bidding procedures and safeguards. The contract is ultimately awarded within two weeks after the bribe is paid.