Instant Access CIPS.L4M3.v2026-11-13.q126 Actual Practice Test Engine for Free (Page 11)

40%off

L4M3 Premium Dumps

Latest L4M3 Exam Premium Dumps provide by TrainingQuiz.com to help you Passing L4M3 Exam! TrainingQuiz.com offers the updated L4M3 exam dumps, the TrainingQuiz.com L4M3 exam questions has been updated to correct Answer. Get the latest TrainingQuiz.com L4M3 pdf dumps with Exam Engine here:

(235 Q&As Dumps, 40%OFF Special Discount: DumpsDB)

Question 46

Which of the following is the best definition of "ultra vires"?

A.Beyond powers
B.In good faith
C.From one party
D.Let the buyer beware

Question 47

The contracts manager at a newly established private transport agency, Travel Response Services (TRS), has been asked to draft a set of standard terms and conditions that will protect customers' personal information when it is passed to sub-contracted suppliers by TRS. Which standard clause would be best suited for this?

A.An intellectual property rights clause
B.An invoicing and payment clause
C.A corporate social responsibility clause
D.A confidentiality and use of data clause

Question 48

In a sale contract, a clause requires the seller to "defend, reimburse, and hold harmless" the buyer and its personnel from and against any and all damages arising in connection with some specific circumstances. This clause is an example of...?

A.Insurance
B.Liquidated damages
C.Indemnity
D.Force Majeure

Question 49

Which of the following is the type of insurance that cover the liabilities of service provider such as legal advice, accountancy, technical designs, etc?

A.PII
B.Product liability
C.Employer's liability
D.Public liability

Correct Answer: A

The most usual forms of insurance cover are as below:
- Employer's liability: Employers' liability insurance, sometimes known as employment practices liability insurance (EPLI), protects employers from financial loss if a worker has a job-related injury or illness not covered by workers' compensation. Employers' liability insurance can be packaged with workers' compensation insurance to further protect companies against the costs associated with workplace injuries, illnesses, and deaths. Employers' liability insurance is also called "part 2" of a workers' compensation policy.
- Public/product liability: Public liability insurance covers you against any claims made against your business - for example if you were held legally liable for personal injury, or for damage done to property. The insurance will also cover you for any legal costs associated with defending claims against your business.
- Professional indemnity insurance (PII): Professional indemnity or liability insurance offers such coverage to professional advice or service providing individuals and companies ensuring protection against any legal costs and damages awarded as a result of claims relating to negligence. Whereas more general forms of liability insurance focus on direct forms of harm such as sustaining injuries, professional indemnity insurance provides a far more detailed and comprehensive form of coverage. The cover protects a firm or individual's liability relating to any financial loss caused by errors or omissions in the service provided as well as any alleged failure to perform on behalf of a client.
- Goods in transit coverage: Goods in transit insurance, sometimes referred to as GIT, covers goods against loss or damage while being moved from one place to another. These goods can be being carried by individuals in their own vehicle, self employed drivers or contractors or by third party carriers. The insurance can cover both domestic and international trips, with specific add-ons available for insurance within Europe.
Reference:
LO 3, AC 3.2

Question 50

In what way might a contract clause be used to stop the supplier from making unwarranted price increases during the term of the contract?

A.The buyer deletes any contract clauses that may refer to stage payments
B.The buyer inserts a contract clause that stipulates the invoice payment dates
C.The buyer inserts a price adjustment clause in the contract
D.The buyer deletes any contract clauses that may refer to price increases