Free CIPS L5M3 Exam Questions

Become CIPS Certified with updated L5M3 exam questions and correct answers

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Total 122 Questions | Updated On: Jul 11, 2022

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Question 1

2021-03-31-15-36-11-0cfaf8452dd7dd756d2fb60fe4b41708

Which of the following will you put into box 2?

A : bcontracting

B : putational damage

C : nalty clause

D : nsequential loss

Answer: B

Question 2

Which of the following would constitute an offer? Select TWO:

A : display in a shop window

B : advert on a website

C : auction

D : bid on an auction

E : price proposal that is valid for 14 days

Answer: A,D

Question 3

Which of the following are a suitable course of action to take in the event of a minor breach of a contract? Select TWO

A : tigation

B : ogress meetings

C : llaboration

D : judication

E : quidated damages

Answer: B,C

Question 4

Which of the following processes is the most adversarial?

A : diation

B : tigation

C : judication

D : gotiation

Answer: B

Question 5

Terry's Toys is a Toy Manufacturer who has an agreement to provide Toys to an online retailer. The retailer has ordered 500 toys from Terry and Terry has incurred costs of £3000 manufacturing the toys. Halfway through production the retailer calls Terry to cancel the order. Terry reads through the contract and sees a liquidated damages clause of £1000. What should Terry do?

A : rry can apply to the court to increase the liquidated damages to £3000

B : rry can sue the retailer for the additional costs incurred above the liquidated damages

C : rry can deliver the toys as agreed as there is a contract in place

D : rry can do nothing and must pay the additional £2000 out of his own pocket

Answer: D

Page: 1 / 25

Total 122 Questions | Updated On: Jul 11, 2022

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