Free CIPS L4M3 Exam Dumps Questions & Answers

Which of the following are always included within a framework agreement? Select TWO that apply:

• A.Call-off procedure
• B.Exact quantity to be purchased
• C.Insurance
• D.Duration
• E.Exact price to be paid

Which of the following are among five 'pillars' of information assurance?
1. Recovery plan
2. Availability
3. Non-repudiation
4. Governance

• A.2 and 3 only
• B.1 and 2 only
• C.1 and 4 only
• D.3 and 4 only

Curnoe Ltd supplied tyres to Garage Ltd. Garage Ltd agreed in the contract that for any specified breaches of contract, it would pay Curnoe Ltd £5 per tyre sold in breach. It subsequently sold tyres at below the listed price, which was one of the breaches mentioned in the contract. What is the £5 per tyre provision an example of?

• A.Liquidated damages
• B.Unliquidated damages
• C.Quantum meruit
• D.Exclusion clause

Parkers Medical Supplies is a distributor of first aid supplies to supermarkets nationwide. A new supplier has approached Parkers with an offer to supply a new and innovative product. Parkers have never dealt with this company before, so are looking to ensure that the new supplier has the necessary insurance cover as the new product could potentially cause personal injury. Which type of insurance should Parkers insist the new supplier takes out?

• A.Professional indemnity
• B.Employers' liability
• C.Product liability
• D.Public liability

A construction company wishes to place the contract for the building of a new hotel to a principal contractor using a model form contract. Which of these is an advantage of using a 'model form contract?'

• A.It avoids the requirement to create complex contracts each time but can be adapted to suit particular circumstances
• B.Formulae or indices can be included to assess any additional supplier's claims for contract price adjustment
• C.Incentive payment terms can be included to reward the supplier for attainment of cost savings
• D.Legal advice is still required if significant amendments or variations are to be made to the contract