Before you begin ✍️
You are about to practice the questions set for
CIPS – Commercial Contracting (L4M3) paper *10.
Please put away any distractions and focus all your efforts on passing.
⏱️Time limit: 1 hour 30 minutes
At the end of your examination practice, you will
📝 View your grade
✅ View the correct answers
NOTE: The answers provided haven't been verified by an official CIPS-affiliated entity, therefore consider discussing your concerns with the instructor or fellow students for clarification.
To begin your exam practice,
wait a few seconds for the start button to appear,
then tap the START button.
"We're rooting for you all the way!" All the best. 😃
Which of the following best describes the characteristics of unliquidated damages in a contract?
1. The amount payable by the party in breach is not predetermined or specified.
2. The amount payable is established and agreed upon before the contract begins.
3. Considers losses that could not have been predicted from the breach.
4. Offers certainty, as the amount due in case of breach is clearly stated.
Is specific performance always a legal right for the buyer in the event of a supplier’s breach of contract?
Are liquidated damages meant to exclude liability for events beyond the control of the contracting parties?
Which of the following are valid reasons for legally ending a contract before the original term? Choose TWO.
An advert read: 'Hoover 2012. £50 one. Tel: 0208 888 2124.'Joan called and offered £25. What is Joan's statement?
When a company is looking for suppliers to engage with, which document do they issue?
Which of the following does NOT terminate a contract?
In the case of a contract breach, what is the purpose of awarding damages?
i. To punish the contract breaker.
ii. To compensate the innocent party.
iii. To restore the innocent party to the position they would have been in if the contract had been correctly performed.
To protect against unforeseeable financial losses, a company is likely to use:
In long-term projects with multiple stakeholders, where documentation might change hands frequently, which of the following would limit exposure to risk?
An agreement between the buyer’s bank and the seller’s bank for transferring funds upon presentation of valid documents describes which of the following?
When a company is concerned about a potential ‘act of God’ affecting its ability to meet obligations, which clause should they include to allow termination?
If a company is worried about severe hardship due to potential claims for damages in a large contract, which clause should they use?
When financial compensation is insufficient to address consequential losses from a breach, which remedy is most likely?
Which are typical examples of tender specifications? Choose TWO.
Using international standards in specifications is useful when:
What is one potential drawback of relying on standards in specifications?
For conformance specifications to be effective, the buyer needs to understand:
Lameck, the head of procurement at a care home, decides to use a performance specification for an intelligent patient record IT system. Is this a good approach?
A procurement department asks for a pricing structure to cover supplier costs plus a £10,000 profit. What is this called?
When a company is buying a new computer system to handle personal data, which of the following should be included in the performance specification? Choose two.
The advantage of using performance specifications is:
Which of the following does the ISO 14000 series cover?
1. Life-cycle analysis and climate change.
2. Continuous improvement and financial information.
3. Financial information and climate change.
4. Life-cycle analysis and continuous improvement.
For a company looking to get an accurate price quote for a three-year maintenance contract, which pricing mechanism is most appropriate?
Is ISO 14000 a series of environmental standards?
Please proceed to view your grade. Fingers crossed🤗
