L4M3 RELIABLE LEARNING MATERIALS - FREE PDF QUIZ CIPS CIPS COMMERCIAL CONTRACTING REALISTIC LATEST BRAINDUMPS BOOK

L4M3 Reliable Learning Materials - Free PDF Quiz CIPS CIPS Commercial Contracting Realistic Latest Braindumps Book

L4M3 Reliable Learning Materials - Free PDF Quiz CIPS CIPS Commercial Contracting Realistic Latest Braindumps Book

Blog Article

Tags: L4M3 Reliable Learning Materials, L4M3 Latest Braindumps Book, Latest L4M3 Dumps Book, L4M3 Latest Exam Review, Pass L4M3 Rate

2Pass4sure promises up to 365 days of free L4M3 real exam questions updates. You will instantly get our free L4M3 actual questions updates in case of any update in the examination content by the CIPS Certification Exams. These are excellent offers. Download updated L4M3 Exam Questions and begin your CIPS Commercial Contracting L4M3 certification test preparation journey today. Best of Luck!

CIPS L4M3 Exam mainly focuses on equipping learners with knowledge and skills in the following areas: the contract formation process, contract types, performance management, dispute resolution, and contract termination. Additionally, the certification also covers the importance of standards, ethical behavior, and current legislation to ensure best practices in commercial contracting. This knowledge continues to be crucial for all levels of commercial contracting, further underlining the importance of this certification exam.

>> L4M3 Reliable Learning Materials <<

Free PDF CIPS - Reliable L4M3 Reliable Learning Materials

Our L4M3 practice engine is the most popular examination question bank for candidates. As you can find that on our website, the hot hit is increasing all the time. I guess you will be surprised by the number how many our customers visited our website. And our L4M3 Learning Materials have helped thousands of candidates successfully pass the L4M3 exam and has been praised by all users since it was appearance.

CIPS Commercial Contracting Sample Questions (Q104-Q109):

NEW QUESTION # 104
XYZ Ltd is negotiating a long-term supply contract of important parts with a supplier. Dave, procurement manager teams up with Alla, legal manager to construct a service level agreement. Dave is concerned that poor performance of supplier may cause damages to the operations of the organisation. Which of the following can be used in conjunction with SLA to compensate the buying organisation in case of supplier's poor performance?
1. Warranties
2. Force majeure clauses
3. Penalty clauses
4. Service credits

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

Answer: D

Explanation:
Service level agreement often sets out the minimum quality standards of the services provided, remedies if that standards are not met, consequences if the targets are exceeded. Penalty clauses and service credits are remedies that are often used in conjunction with service level agreement to ensure the performance and to compensate the purchaser if targets are not met.
Reference: CIPS study guide page 110
LO 2, AC 2.2


NEW QUESTION # 105
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. Quantum meruit
  • C. Exclusion clause
  • D. Unliquidated damages

Answer: A

Explanation:
Liquidated damages are a pre-agreed amount stated in the contract, payable upon a specific breach. These clauses are enforceable if the amount is a genuine pre-estimate of loss and not punitive. In this case, the £5 per tyre is a typical liquidated damages clause as it quantifies the penalty for non-compliance.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 3, Section 3.2.1 - Liquidated damages, indemnities, and breach clauses.


NEW QUESTION # 106
A tire manufacturer entered into a contract with a distributor. In the contract, the distributor is prohibited from selling the tire under the price list. The distributor must pay $5 for each tire sold in breach. The amount of $5 is known as...?

  • A. Penalty
  • B. Caveat Emptor
  • C. Liquidated damages
  • D. Quantum meruit

Answer: C

Explanation:
This scenario is in fact based on a famous case law: Dunlop Pneumatic Tyre Company v New Garage & Motor co [1915] AC 79. In this case law, the House of Lords identified the clause as liquidated damages, and therefore enforceable.
However, if this case had happened in 2015 or afterwards, there would be some legal issues:
- The price agreement is prohibited by Competition Act 1998
- If the agreement is allowed by Competition Act, as in the case Cavendish Square Holding BV (Appellant) v Talal El Makdessi (Respondent), the clause can also be identified as a penalty and it is still enforceable.
Reference:
LO 3, AC 3.2


NEW QUESTION # 107
Which of the following will be included in a conformance specification?
1. Brand names
2. Description of the operating environments
3. Chemical formulae
4. Required safety level

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

Answer: C

Explanation:
According to CIPS, there are two main types of specification:
- Conformance specification - is more output driven as it outlines the product details exactly which may include the material, dimensions, tolerances, source, ingredients, packaging, storage of the part or material.
- Performance specification - is more output driven in terms of what the part or material must achieve.
Among the four options, only 2. 'Description of the operating environments' and 3.'Chemical formulae' are possible components of a conformance specification.Brand names can be a part of a performance specification, according to a document published by CIPS and NIGP.
Graphical user interface, text, application Description automatically generated

Reference:
- CIPS study guide page 8-10
- Knowledge Byte - Specification Development
- Principles and Practices of Public Procurement: Specifications
LO 1, AC 1.1


NEW QUESTION # 108
Which of the following standards gives guidance on the layout and preparation of specifications?

  • A. BS 5864:2019
  • B. BS EN 60601-1-11:2015
  • C. BS 7373-1:2001
  • D. BS 5975:2019

Answer: C

Explanation:
BS 7373-1:2001 Product specifications. Guide to preparation gives guidance on layout, preparation and management. The subject has been treated in a generic way and guidance can be used in the preparation of all types.
BS 5864:2019 is the standard for installation and maintenance of gas-fired ducted air heaters of rated heat input not exceeding 70 kW net (2nd and 3rd family gases). Specification BS 5975:2019 is the standard for code of practice for temporary works procedures and the permissible stress design of falsework.
BS EN 60601-1-11:2015 is the standard for medical electrical equipment. General requirements for basic safety and essential performance. Collateral Standard: Requirements for medical electrical equipment and medical electrical systems used in the home healthcare environment.
Reference:
- BSI website
- CIPS study guide page 90-92
LO 2, AC 2.1


NEW QUESTION # 109
......

To give you an idea about the top features of CIPS Commercial Contracting (L4M3) exam dumps, a free demo download facility is being offered to CIPS Certification Exam candidates. This free CIPS Commercial Contracting (L4M3) exam questions demo download facility is available in all three CIPS L4M3 Exam Dumps formats. Just choose the best 2Pass4sure CIPS L4M3 exam demo questions format and download it quickly. If you think that CIPS Commercial Contracting (L4M3) exam dumps can work for you then take your buying decision.

L4M3 Latest Braindumps Book: https://www.2pass4sure.com/CIPS-Certifications/L4M3-actual-exam-braindumps.html

Report this page