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CIPS L4M3 Exam With Confidence Using Practice Dumps

Exam Code:
L4M3
Exam Name:
Commercial Contracting
Vendor:
Questions:
190
Last Updated:
Apr 27, 2025
Exam Status:
Stable
CIPS L4M3

L4M3: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Commercial Contracting Questions and Answers

Question 1

In a contract, both buyer and supplier agreed the lead time is 3 days. The contract also requires that any variation must be made in writing. Then the buyer places an order by phone call and requests delivery the next day, but the supplier delivers on the third day since the order. Can buyer refuse to pay as supplier did not deliver per time?

Options:

A.

No, the supplier delivers within a reasonable time

B.

Yes, late delivery is a force majeure event

C.

Yes, the supplier has breached the contract

D.

No, supplier has shortened lead time to 1 day

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Question 2

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 3

In a contract, both buyer and supplier agreed the lead time is 3 days. The contract also requires that any variation must be made in writing. Then the buyer places an order by phone call and requests delivery the next day, but the supplier delivers on the third day since the order. Can buyer refuse to pay as supplier did not deliver per time?

Options:

A.

No, the supplier delivers within a reasonable time

B.

Yes, late delivery is a force majeure event

C.

Yes, the supplier has breached the contract

D.

No, supplier has shortened lead time to 1 day