March Sale Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: bigdisc65

L5M3 Exam Dumps - CIPS Level 5 Advanced Diploma in Procurement and Supply Questions and Answers

Page: 1 / 4
Questions 4

Which of the following will you put into box 5?

Options:

A.

liability

B.

payment terms

C.

liquidated damages

D.

Contract variation

Buy Now
Questions 5

Alan has an ongoing contract with a supplier for the provision of gardening tools to his horti-culture business. He has been working with the supplier for over 20 years and has recently discovered that the supplier committed a breach in a warranty 3 years ago. Can Alan claim damages?

Options:

A.

yes- the breach has occurred and a contract is in place

B.

yes- Alan can claim damages and rescind the contract

C.

no- Alan could only claim if the breach was of a condition, not a warranty

D.

no- Alan cannot claim because the breach was so long ago

Buy Now
Questions 6

Tyrone Enterprises has just come out of a meeting with one of its suppliers Bob. The meeting has not gone well and the contract has become frustrated. What does this mean?

Options:

A.

Negotiations between the buyer and supplier have failed and dispute resolution will need to take place

B.

the supplier has committed a major breach and is unable to fulfil the contract

C.

a situation has occurred which means that the contract can no longer be performed

D.

The buyer no longer requires the supplier but is tied into the contract

Buy Now
Questions 7

Which of the following is a source of breach in a contract?

Options:

A.

negligence

B.

liability

C.

force majeure

D.

warranty

Buy Now
Page: 1 / 4
Exam Code: L5M3
Exam Name: Managing Contractual Risk
Last Update: Mar 28, 2024
Questions: 120
L5M3 pdf

L5M3 PDF

$28  $80
L5M3 Engine

L5M3 Testing Engine

$33.25  $95
L5M3 PDF + Engine

L5M3 PDF + Testing Engine

$45.5  $130