Pass4sure CIPS L5M3 Dumps
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Sample Questions
L5M3 Sample Question 1
A. anticipatory breach
B. fundamental breach
C. payment terms
D. specification
ANSWER : A
L5M3 Sample Question 2
A. they are used to deter the parties from breaching the contract
B. they are illegal
C. they provide damages in excess of the true cost of a breach
D. they can harm the working relationship
ANSWER : B
L5M3 Sample Question 3
A. adjudication
B. arbitration
C. mediation
D. litigation
ANSWER : C
L5M3 Sample Question 4
A. open account
B. documentary collection
C. documentary credits
D. advance payment
ANSWER : D
L5M3 Sample Question 5
A. limitation of liability
B. service credits
C. benchmarking
D. change control
ANSWER : C
L5M3 Sample Question 6
A. subcontracting
B. reputational damage
C. penalty clause
D. consequential loss
ANSWER : D
L5M3 Sample Question 7
A. yes- the order has not yet been delivered meaning that GoGo Ltd can cancel- there hasbeen no transfer of ownership
B. no- Reny Manufacturing will sue for damages
C. yes- there is a termination clause in the contract
D. no- the termination clause is unfair
ANSWER : C
L5M3 Sample Question 8
A. liquidated damages
B. indemnity
C. KPI
D. Consideration
ANSWER : A
L5M3 Sample Question 9
A. A written agreement between two robbers to rob a bank which states that the moneygained would be split evenly between the two.
B. a domestic agreement between two parents about who will pick the kids up from school
C. a phone call between a supplier and buyer in which the buyer agrees to purchase 100teddy bears from the supplier for £100.
D. a written document in which Paul agrees to clean Freda's house for £10
E. an email chain between a buyer and supplier which includes a PO and Invoice
ANSWER : A,B
L5M3 Sample Question 10
A. yes- litigation is the most appropriate for his requirements
B. no- Perry should try mediation
C. no- Perry should try Adjudication
D. no - Perry should try Conciliation
ANSWER : C
L5M3 Sample Question 11
A. a painter is contracted to paint a room white but paints it magnolia as there was no whitepaint available
B. a consultant has given bad advice
C. a zoo orders three baby lions and is given three baby tigers
D. a supplier has breached a non-disclosure agreement
E. A supplier delivers a lorry-load of produce six hours late due to a burst tyre.
ANSWER : A,D
L5M3 Sample Question 12
A. Mediation
B. Arbitration
C. Litigation
D. Negotiation
ANSWER : D
L5M3 Sample Question 13
A. adjudication
B. arbitration
C. mediation
D. litigation
ANSWER : B
L5M3 Sample Question 14
A. yes- Barbera's offer is still valid as it didn't come with a time clause attached
B. yes- Barbera's offer is the best he will receive
C. no - David's counter offer rescinded Barbera's offer
D. no- he waited too long and Barbera's offer has expired
ANSWER : C
L5M3 Sample Question 15
A. assess the impact of the breach
B. look at remedies available
C. identify the nature and source of the conflict
D. decide on the type of conflict resolution approach
ANSWER : C
L5M3 Sample Question 16
A. proposal
B. agreement
C. bargaining
D. adjourning
ANSWER : D
L5M3 Sample Question 17
A. condition
B. warranty
C. consideration
D. innominate
ANSWER : D
L5M3 Sample Question 18
A. move on to litigation
B. appeal the decision
C. nothing - the decision made by the adjudicator is binding
D. nothing - the decision made by the adjudicator is legally enforceable
ANSWER : B