최신 L5M3 무료덤프 - CIPS Managing Contractual Risk

문제1

Which of the following are a suitable course of action to take in the event of a minor breach of a contract? Select TWO

A. adjudication

B. collaboration

C. liquidated damages

D. litigation

E. progress meetings

정답: B,E

설명: (DumpTOP 회원만 볼 수 있음)

문제2

John is a chocolatier and has a big order of Easter Eggs coming up in April. He also creates chocolates to sell all year round in his shop, but Easter Eggs represent a large proportion of his profits each year. John's chocolate making machine has just broken and he has ordered a new one to be delivered in February. However due to a delay, the manufacturer of the new machine can't deliver until May. What course of action can John take?

A. John can claim for loss of his regular earnings but not for the easter eggs

B. John cannot claim for any loss as these are in the future and he doesn't know what these would be

C. John can claim for both the loss of the Easter Eggs and his regular earnings

D. John can claim for the loss of the Easter Eggs but not his regular earnings

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제3

What is a Prime Contract?

A. A contract between a supplier and a subcontractor

B. A contract between an end customer and a company which has full responsibility for its performance

C. A contract between a buyer and main supplier

D. A contract between a public sector organisation and the taxpayer

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제4

Which of the following will you put into box 3?

A. Subcontracting

B. Time is of the Essence

C. Payment Term

D. Specification

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제5

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 called Bells FM. Which of the following statements regarding subcontracting is true?

A. It is okay for Balls FM to subcontract out part of the contract to Bells FM if they are unable to fulfil their obligations

B. Subcontracting would be if Derrek delegated responsibility for managing the contract to a member of his team

C. Subcontracting is never allowed in a contract unless specifically mentioned.

D. Balls FM have committed a fundamental breach of the contract

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제6

Sally is shopping and sees an advert in a travel agent's window that says that flights to Malta are 50% off. She enters the shop and begins to speak to a travel agent who informs her that the poster she'd seen is out of date. Is the travel agent obliged to give Sally the discounted flight?

A. yes- the offer was displayed and therefore must be honoured

B. yes- the offer is valid until another offer or counter offer is provided

C. no - the advert is an invitation to treat

D. no- the offer has been rescinded

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제7

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

A. rescind the contract and claim damages

B. nothing - this is not a fundamental breach

C. claim damages

D. rescind the contract

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제8

What is the purpose of a liability clause in a contract?

A. to limit commercial and financial exposure

B. to ensure adherence to legal standards

C. to give an approximate pre-determined value of loss

D. to punish the supplier for poor performance

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제9

Which of the following will you put into box 5?

A. Litigation

B. Mediation

C. Arbitration

D. Negotiation

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제10

Which of the following will you put into box 1?

A. subcontracting

B. penalty clause

C. consequential loss

D. reputational damage

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

최신 L5M3 무료덤프 - CIPS Managing Contractual Risk

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