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Page: 3 / 6
Question 12

Carillion Ltd is a major construction contractor in the UK. The company commits to continuous improvement and sets out a performance management program that is integrated across the organisational, individual, and supplier levels. To ensure that the suppliers acknowledge the program, every time negotiating the contract terms with suppliers, the procurement team of Carillion appends a performance management framework to the draft document as a schedule. Is the action of procurement team appropriate?

Options:

A.

No, because the framework will increase the complexity of the contract

B.

No, because the performance management should be solely developed by suppliers

C.

Yes, because the framework should have legal standing as a part of contract

D.

Yes, because Carillion wants to implement early supplier involvement

Question 13

Which of the following will be always automatically deemed as a consideration?

Options:

A.

Promise to perform over and above an existing obligation

B.

Promise given to a third party

C.

Implied consideration

D.

Past consideration

Question 14

When a contract has been agreed on the basis of a fraudulent misrepresentation, which of the following remedies are available?

Options:

A.

Damages only

B.

Rescission only

C.

An injunction only

D.

Both damages and rescission

Question 15

Which of the following will be included in a conformance specification?

1. Brand names

2. Description of the operating environments

3. Chemical formulae

4. Required safety level

Options:

A.

1 and 2 only

B.

1 and 3 only

C.

1 and 4 only

D.

2 and 3 only

Page: 3 / 6
Exam Code: L4M3
Exam Name: Commercial Contracting
Last Update: Apr 26, 2024
Questions: 190
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