Though rumors of the purchase preceded notification from Monroe and Livingston, their message reached Washington in time for an official announcement on July 4, 1803.
The purchase treaty had to be ratified by the end of October, which gave Jefferson and his Cabinet time to deliberate the issues of boundaries and constitutionality.
As time for ratification of the purchase treaty grew short, Jefferson accepted his Cabinet's counsel and rationalized: "It is the case of a guardian, investing the money of his ward in purchasing an important adjacent territory; and saying to him when of age, I did this for your good."
Purchasing must provide a copy of the terms and conditions under which the purchase will be made and an outline of the financial payment plan.
As stated, when a requesting department determines that a lease purchase, lease with purchase option, or installment purchase is justified, it must evaluate the cost of the lease or rental of needed equipment versus the purchase cost of the equipment.
If the requesting department determines that a lease purchase, lease with purchase option, or installment purchase is the most economical way to acquire the equipment, the department enters a requisition detailing the requirements and providing justification for why this type of purchase is preferable to an outright purchase.
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