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Managing Contractual Risk

Last Update Nov 25, 2022
Total Questions : 120

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Managing Contractual Risk Questions and Answers

Questions 1

Which of the following will you put into box 5?

Options:

A.

liability

B.

payment terms

C.

liquidated damages

D.

Contract variation

Questions 2

Which of the following must a legally binding contract contain? Select THREE

Options:

A.

Intention

B.

Indemnity

C.

Consideration

D.

Liability

E.

Capacity

Questions 3

Lisa has a contract with an internet provider and the contract stated the need for Wi-Fi to be online 100% of the time. The Wi-Fi has only been available 97% of the time. In order for Lisa to claim compensation from her internet provider, which of the following would need to be present in the contract?

Options:

A.

change control

B.

liability clause

C.

service credits

D.

subcontracting