Free CIPS L5M3 Exam Questions

Absolute Free L5M3 Exam Practice for Comprehensive Preparation 

  • CIPS L5M3 Exam Questions
  • Provided By: CIPS
  • Exam: CORE Level 5 Managing Contractual Risk
  • Certification: Level 5 Advanced Diploma in Procurement and Supply
  • Total Questions: 122
  • Updated On: Nov 13, 2024
  • Rated: 4.9 |
  • Online Users: 244
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  • Question 1
    • Sarah is a baker and orders free-range eggs from a local supplier which she uses to make cakes. There is a contract in place which included a specification that states that the eggs must be free-range. One day the supplier delivers eggs which Sarah uses in the cakes. Later she discovered that these were not free-range. Sarah believes that the supplier has broken the contract. Is this true?


      Answer: D
  • Question 2
    • 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?


      Answer: 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


      Answer: B,C
  • Question 4
    • Which of the following would be included in a contract to assign costs and responsibilities between buyer and seller when products are delivered?


      Answer: D
  • Question 5
    • Harry is negotiating a contract for a new IT system for his business. He is investing heavily in the system and wants the system to be able to provide the services he requires for the next 10 years. However he is aware that technology is changing quickly and would like to include a clause in the contract to ensure that the system he is purchasing is useable for the next 10 years. What should Harry include in the contract?


      Answer: C
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