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Which of the following will you put into box 7?
Which of the following will you put into box 7?A . Condition B. Warranty C. Innominate TermView AnswerAnswer: A Explanation: The correct answers are as follows: Table Description automatically generated This is a condition. Again the food being organic would be fundamental to the contract as the health of the...
Which of the following would not be considered a contract? Select TWO
Which of the following would not be considered a contract? Select TWOA . A written agreement between two robbers to rob a bank which states that the money gained would be split evenly between the two. B. a domestic agreement between two parents about who will pick the kids up...
A breach which is so severe that it goes to the root of the contract is known as what?
A breach which is so severe that it goes to the root of the contract is known as what?A . fundamental breach B. condition breach C. major breach D. essence breachView AnswerAnswer: A Explanation: This is a Fundamental Breach. Fundamental Breach and Major Breach are very similar-they're both really bad...
Kranky Kat Ltd has just been through an adjudication process with a supplier it worked with who committed a breach in the contract. Kranky Kat is not happy with the outcome of the adjudication, what can Kranky Kat do?
Kranky Kat Ltd has just been through an adjudication process with a supplier it worked with who committed a breach in the contract. Kranky Kat is not happy with the outcome of the adjudication, what can Kranky Kat do?A . move on to litigation B. appeal the decision C. nothing...
A warranty is a minor term of a contract. Is this TRUE?
A warranty is a minor term of a contract. Is this TRUE?A . yes- it does not affect the prime benefit B. yes- it affects the prime benefit of the contract C. no- a warranty is a fundamental term in a contract D. no- a warranty is a type of...
What does a clause for default imply?
Dianne has a loan agreement which contains a clause for default. What does a clause for default imply?A . this allows the lender to demand overdue payments are made straight away B. this allows a lender to demand payment from a guarantor if the borrower is unable to pay C....
Which of the following will you put into box 3?
Which of the following will you put into box 3?A . Payment Term B. Time is of the Essence C. Subcontracting D. SpecificationView AnswerAnswer: D Explanation: The correct answers are as follows: Table Description automatically generated Specifying the food needs to be organic is a 'specification'
Which of the following conflict resolution styles may involve a private caucus and a joint ses-sion?
Which of the following conflict resolution styles may involve a private caucus and a joint ses-sion?A . mediation B. adjudication C. negotiation D. litigationView AnswerAnswer: A Explanation: This is Mediation. The private caucus is when each of the parties meets in private with the media-tor, this is usually after a...
Which of the following is not a form of ADR (Alternative Dispute Resolution)?
Which of the following is not a form of ADR (Alternative Dispute Resolution)?A . mediation B. negotiation C. arbitration D. conciliationView AnswerAnswer: B Explanation: Negotiation isn't an alternative dispute resolution because it's supposed to be the 'default' dispute resolution- the one you automatically do when a problem occurs. Only if...
Which TWO conflict resolution methods provide certainty of resolution?
Which TWO conflict resolution methods provide certainty of resolution?A . adjudication and mediation B. mediation and litigation C. arbitration and conciliation D. adjudication and litigationView AnswerAnswer: D Explanation: Adjudication and Litigation (and Arbitration too) all provide certainty of a resolution. The other methods don’t. There's a really useful table with...
