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L5M3 Dumps - Managing Contractual Risk Practice Exam Questions

CIPS L5M3 - CIPS Level 5 Advanced Diploma in Procurement and Supply Practice Exam

  • Certification Provider:CIPS
  • Exam Code:L5M3
  • Exam Name:Managing Contractual Risk Exam
  • Total Questions:120 Questions and Answers
  • Updated on:Sep 16, 2024
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CIPS L5M3 This Week Result

L5M3 Question and Answers

Question # 1

What is a boilerplate clause?

Options:

A.  

the clause that will take precedent if there are conflicting pieces of information within a contract

B.  

a type of warranty

C.  

a clause that allows the contract to be modified if both parties are in agreement

D.  

a set of clauses that are commercially standard and expected in all contracts

Discussion 0
Question # 2

A warranty is a minor term of a contract. Is this TRUE?

Options:

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 innominate term

Discussion 0
Question # 3

Which of the following will you put into box 6?

Options:

A.  

adjudication

B.  

arbitration

C.  

mediation

D.  

litigation

Discussion 0

PDF vs Software Version

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