Free CIPS L5M3 Exam Dumps Questions & Answers

Which of the following conflict resolution styles may involve a private caucus and a joint ses-sion?

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

Penguin Ltd has a contract with Blue Company. Blue Company has just broken a warranty in the contract. What remedies does Penguin Ltd have available?

• A.they can sue and claim damages
• B.they can claim damages but not terminate the contract
• C.they can terminate the contract but cannot claim damages
• D.they can claim damages and terminate the contract

A buyer and supplier have a contract and the supplier has committed a major breach. However, as they are the sole supplier to the buyer, the buyer has decided not to terminate the contract and instead to work with the supplier to remedy the situation. What is this called?

• A.assigning liability
• B.conflict resolution
• C.awarding damages
• D.affirmation of the contract

GoGo Ltd has contracted Reny Manufacturing to produce a bespoke piece of equipment for them. It is an asset and costs a significant amount of money. A contract is drawn up which states that GoGo Ltd has the right to terminate the contract at any time for any reason. Halfway through production of the asset, GoGo Ltd calls Reny Manufacturing to cancel the order. Reny Manufacturing has incurred many costs already. Can GoGo Ltd cancel the order?

• A.yes- the order has not yet been delivered meaning that GoGo Ltd can cancel- there has been no transfer of ownership
• B.yes- there is a termination clause in the contract
• C.no- Reny Manufacturing will sue for damages
• D.no- the termination clause is unfair

Which of the following are advantages to seeking a solution to conflict via litigation?

• A.The decision can be made by someone who isn't an expert in their field.
• B.There is no confidentiality
• C.The process is quick and cost-effective
• D.the process provides certainty that an outcome will be reached