Free CIPS L4M3 Exam Dumps Questions & Answers

Which of the following are most likely to be substantive elements of the specification of a truck? Select TWO that apply:

• A.Expected lifespan
• B.Ethics
• C.Abbreviation
• D.Guarantee
• E.Foreword

Maximum Score 1
Which of the following are examples of a lack of 'capacity' to enter into a contract?
* A contracting party has a severe mental disorder
* A contracting party has failed to concentrate during negotiations
* A contracting party is 19 years of age
* A contracting party (corporation) has acted 'ultra vires' (beyond its defined legal powers)

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

The nature of the "Battle of the forms" is when both buyer and supplier are attempting to ...

• A.create a performance specification
• B.form a joint contract
• C.secure their own terms and conditions
• D.create a collaborative relationship

Which of the following statements is true about model form of contract?

• A.The standard clauses of model contract forms give the offeror legal advantages over the offeree
• B.Model contract form's standard clauses often contain correct legal terminology without recourse to third party experts.
• C.Only the publishers of model forms of contract can edit the clauses of these forms
• D.When model contracts are employed, there are no requirements for legal advice and input

Transformers & Rectifiers Ltd wanted to buy some specialist gaskets. They sent a request for quotation with specification to Needs Ltd. The supplier replied with a quotation in which had its own terms and conditions.
The buyer edited delivery terms on the quotation and sent the document back to Needs Ltd. Gaskets were delivered to Transformers' premise with an invoice from Needs Ltd. Which of the following is most likely to be the governing terms if the two companies must settle the dispute at court?

• A.Terms and conditions in the request for quotation
• B.Terms & conditions in the original quotation
• C.Terms and conditions in the invoice
• D.Edited terms and conditions