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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:
Jan 24, 2025
Exam Status:
Stable
CIPS L5M3

L5M3: CIPS Level 5 Advanced Diploma in Procurement and Supply Exam 2024 Study Guide Pdf and Test Engine

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Managing Contractual Risk Questions and Answers

Question 1

Which of the following will you put into box 1?

Options:

A.

compete

B.

avoid

C.

compromise

D.

collaborate

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Question 2

A contract term which is difficult to classify at the time of drafting a contract is known as?

Options:

A.

condition

B.

warranty

C.

consideration

D.

innominate

Question 3

Kranky Kat Ltd has just been through an adjudication process with a supplier it worked with who committed a breach in the contract. Kranky Kat is not happy with the outcome of the adjudication, what can Kranky Kat do?

Options:

A.

move on to litigation

B.

appeal the decision

C.

nothing - the decision made by the adjudicator is binding

D.

nothing - the decision made by the adjudicator is legally enforceable