- All Exams Instant Download
Which of the following will you put into box 7?
Which of the following will you put into box 7?A . Mediation B. Arbitration C. Litigation D. NegotiationView AnswerAnswer: B Explanation: The correct answers are as follows: Table Description automatically generated Arbitration - this is a binding resolution made by a third party. This answer could be litigation, but that...
Which of the following are advantages to seeking a solution to conflict via litigation?
Which of the following are advantages to seeking a solution to conflict via litigation?A . the process provides certainty that an outcome will be reached B. There is no confidentiality C. The decision can be made by someone who isn't an expert in their field. D. The process is quick...
Which is the most suitable dispute resolution method for Franky B's?
Franky B's is a popular restaurant chain which is seeking a resolution to a conflict it has with its supplier of Fried Chicken. It is looking for a dispute resolution that does not involve the court but in which an expert third party will make a binding decision. Which is...
What is a Prime Contract?
What is a Prime Contract?A . A contract between a buyer and main supplier B. A contract between an end customer and a company which has full responsibility for its performance C. A contract between a supplier and a subcontractor D. A contract between a public sector organisation and the...
What type of clause should be included in the contract?
Logan Gin Distillery is creating a contract for one of its new suppliers. It is a complicated item that they are ordering and if things go wrong, it would have an extremely negative impact on production, and therefore on revenue. However it is impossible to say what the cost of...
Service Credits are a form of what?
Service Credits are a form of what?A . liquidated damages B. indemnity C. KPI D. ConsiderationView AnswerAnswer: A Explanation: Service Credits are a form of Liquidated Damages - it's a financial remedy, common in the IT in-dustry, which is available to a buyer when the service level falls below an...
Which of the following will you put into box 6?
Which of the following will you put into box 6?A . liability B. payment terms C. liquidated damages D. Contract variationView AnswerAnswer: C Explanation: The correct answers are as follows: The answer is liquidated damages as they're seeking compensation for loss.
Which of the following will you put into box 6?
Which of the following will you put into box 6?A . Mediation B. Arbitration C. Litigation D. NegotiationView AnswerAnswer: C Explanation: The correct answers are as follows: Table Description automatically generated Litigation is the only resolution method which goes 'through the courts'. Therefore this is the correct answer
Which of the following will you put into box 1?
Which of the following will you put into box 1?A . anticipatory breach B. fundamental breach C. payment terms D. specificationView AnswerAnswer: A Explanation: The correct answers are as follows: Table Description automatically generated This is an anticipatory breach as the breach hasn't happened yet- it's about what will happen...
Which of the following would be the best conflict resolution for them to select?
R3D3 is a computer manufacturer who has had an issue with their supplier. They are seeking a conflict resolution approach which is flexible but will provide a binding and enforceable outcome. They would like the resolution to be confidential and directed by an independent third party that is appointed for...
