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CIPS Certification
L5M3 Exam
CIPS.L5M3.Premium.Version Dumps

Free CIPS L5M3 Exam Dumps Questions & Answers


Exam Code/Number:	L5M3Join the discussion
Exam Name:	Managing Contractual Risk
Certification:	CIPS
Free Question Number:	118
Publish Date:	Oct 05, 2026
# of views:	2208
Rating 100%

Page: 1 / 24
Total 118 questions

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Question 1

Which of the following will you put into box 6?

A.payment terms
B.liquidated damages
C.liability
D.Contract variation

Correct Answer: B

Explanation: (Only visible for DumpsDB members)

Question 2

Which of the following processes is the most adversarial?

A.litigation
B.negotiation
C.mediation
D.adjudication

Correct Answer: A

Explanation: (Only visible for DumpsDB members)

Question 3

Which of the following will you put into box 7?

A.payment terms
B.liquidated damages
C.liability
D.Contract variation

Correct Answer: D

Explanation: (Only visible for DumpsDB members)

Question 4

A breach of representation by party A in a contract would allow party B to do what?

A.claim damages
B.nothing - this is not a fundamental breach
C.rescind the contract
D.rescind the contract and claim damages

Correct Answer: D

Explanation: (Only visible for DumpsDB members)

Question 5

When considering consequential loss, can a cap be placed on the amount claimed?

A.no- there can be no cap to either direct loss or consequential loss
B.yes- this is known as a pre-estimate of damages
C.yes- this is known as a limitation of liability clause
D.no- there can be a cap to direct loss but not to consequential loss

Correct Answer: C

Explanation: (Only visible for DumpsDB members)

L5M3 Dumps Other Version	QA's	Publish Date
CIPS.L5M3.v2023-10-25.q39	39	Oct 25, 2023
CIPS.L5M3.v2023-08-26.q39	39	Aug 26, 2023

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