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CIPS L4M3 Exam With Confidence Using Practice Dumps

Exam Code:
L4M3
Exam Name:
Commercial Contracting
Vendor:
Questions:
190
Last Updated:
Nov 23, 2024
Exam Status:
Stable
CIPS L4M3

L4M3: CIPS Level 4 Diploma in Procurement and Supply Exam 2024 Study Guide Pdf and Test Engine

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Commercial Contracting Questions and Answers

Question 1

Which of the following are among five 'pillars' of information assurance?

1. Recovery plan

2. Availability

3. Non-repudiation

4. Governance

Options:

A.

2 and 3 only

B.

1 and 2 only

C.

1 and 4 only

D.

3 and 4 only

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Question 2

XYZ Ltd is negotiating a long-term supply contract of important parts with a supplier. Dave, procurement manager teams up with Alla, legal manager to construct a service level agreement. Dave is concerned that poor performance of supplier may cause damages to the operations of the organisation. Which of the following can be used in conjunction with SLA to compensate the buying organisation in case of supplier's poor performance?

1. Warranties

2. Force majeure clauses

3. Penalty clauses

4. Service credits

Options:

A.

1 and 3 only

B.

3 and 4 only

C.

1 and 2 only

D.

4 and 2 only

Question 3

In a sale contract, a clause requires the seller to "defend, reimburse, and hold harmless" the buyer and its personnel from and against any and all damages arising in connection with some specific circumstances. This clause is an example of...?

Options:

A.

Insurance

B.

Liquidated damages

C.

Indemnity

D.

Force Majeure