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L5M3

L5M3 Managing Contractual Risk exam is a hot CIPS certification exam, Exam4Training offers you the latest free online L5M3 dumps to practice. You can get online training in the following questions, all these questions are verified by CIPS experts. If this exam changed, we will share new update questions.

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Later she dis-covered that these were not free-range. Sarah believes that the supplier has broken the con-tract. Is this true?

January 30, 2023January 30, 2023examsLeave a comment

Sarah is a baker and orders free-range eggs from a local supplier which she uses to make cakes. There is a contract in place which included a specification that states that the eggs must be free-range. One day the supplier delivers eggs which Sarah uses in the cakes. Later she dis-covered that these were...

A breach of representation by party A in a contract would allow party B to do what?

January 29, 2023January 29, 2023examsLeave a comment

A breach of representation by party A in a contract would allow party B to do what?A . rescind the contract B. claim damages C. rescind the contract and claim damages D. nothing – this is not a fundamental breach View Answer Answer: C Explanation: A breach of representation is a major/ fundamental breach...

Which of the following statements regarding subcontracting is true?

January 29, 2023January 29, 2023examsLeave a comment

Derrek owns a factory and employs a Facilities Management Company called Balls FM to look after certain aspects of the factory including cleaning and testing the machinery to ensure they are in good working condition. One day he realises that one of the cleaners doesn’t work for Balls FM, he works for another company...

Which of the following will you put into box 5?

January 29, 2023January 29, 2023examsLeave a comment

Which of the following will you put into box 5?A . Condition B. Warranty C. Innominate Term View Answer Answer: A Explanation: The correct answers are as follows: Table Description automatically generated This is a condition as it is fundamental to the contract....

Which of the following statements is correct?

January 29, 2023January 29, 2023examsLeave a comment

Parky Parks Ltd has a contract with Slides R Us for the provision of children’s playground equipment. The contract contains a clause for liquidated damages and puts the figure at £500k. Which of the following statements is correct? Select TWOA . Liquidated damages needs to be a 100% accurate figure B. If damages exceed...

Who generally wins the Battle?

January 29, 2023January 29, 2023examsLeave a comment

An exchange of written documents between a buyer and supplier, each detailing their own Terms and Conditions is known as the Battle of the Forms. Who generally wins the Battle?A . The party who issued the first document B. The party who issued the last document C. The party with the greatest liability D....

What is the name given to a term in a contract where one party promises to compensate the other party for a trigger event?

January 28, 2023January 28, 2023examsLeave a comment

What is the name given to a term in a contract where one party promises to compensate the other party for a trigger event?A . liability B. warranty C. damages D. indemnity View Answer Answer: D Explanation: Indemnity- this is the definition given on p. 20...

A failure to perform a provision of a contract which does not affect the end performance of the contract is known as what?

January 28, 2023January 28, 2023examsLeave a comment

A failure to perform a provision of a contract which does not affect the end performance of the contract is known as what?A . small breach B. minor breach C. major breach D. warranty breach View Answer Answer: B Explanation: This is a minor breach. This is the definition as given in the study...

Which of these is NOT a stage in negotiation?

January 27, 2023January 27, 2023examsLeave a comment

Which of these is NOT a stage in negotiation?A . proposal B. agreement C. bargaining D. adjourning View Answer Answer: D Explanation: Adjourning is not a stage. The 6 stages of negotiation are; preparation, opening, discussion, pro-posal, bargaining and agreement. P.64...

Which of the following statements about Restitution Measures is TRUE?

January 27, 2023January 27, 2023examsLeave a comment

Restitution Measures are an award which seeks to return the value of a benefit which has been seen to be unfairly received. Which of the following statements about Restitution Measures is TRUE? Select TWOA . restitution damages intend to return the innocent party to the position they were in be-fore the contract B. restitution...

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