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CIPS L5M3 Exam With Confidence Using Practice Dumps

Exam Code:
L5M3
Exam Name:
Managing Contractual Risk
Vendor:
Questions:
120
Last Updated:
Apr 3, 2025
Exam Status:
Stable
CIPS L5M3

L5M3: CIPS Level 5 Advanced Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Managing Contractual Risk Questions and Answers

Question 1

Which of these statements about mediation is true? Select TWO

Options:

A.

mediation is flexible

B.

mediation produces legal precedents

C.

mediation can be used as a stalling tactic

D.

mediation is expensive

E.

mediation involves a third party who makes a judgement on the issue

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Question 2

A failure to perform a provision of a contract which does not affect the end performance of the contract is known as what?

Options:

A.

small breach

B.

minor breach

C.

major breach

D.

warranty breach

Question 3

Which of the following will you put into box 3?

Options:

A.

Payment Term

B.

Time is of the Essence

C.

Subcontracting

D.

Specification