At ValidExamDumps, we consistently monitor updates to the CIPS L5M3 exam questions by CIPS. Whenever our team identifies changes in the exam questions,exam objectives, exam focus areas or in exam requirements, We immediately update our exam questions for both PDF and online practice exams. This commitment ensures our customers always have access to the most current and accurate questions. By preparing with these actual questions, our customers can successfully pass the CIPS Managing Contractual Risk exam on their first attempt without needing additional materials or study guides.
Other certification materials providers often include outdated or removed questions by CIPS in their CIPS L5M3 exam. These outdated questions lead to customers failing their CIPS Managing Contractual Risk exam. In contrast, we ensure our questions bank includes only precise and up-to-date questions, guaranteeing their presence in your actual exam. Our main priority is your success in the CIPS L5M3 exam, not profiting from selling obsolete exam questions in PDF or Online Practice Test.
Which of the following statements about 'Specific Performance' are TRUE? Select TWO.
1+3 are correct. Specific Performance tend to go through the courts so this is a lengthy and costly process. Because it's mandated by the courts it means that if the offending party doesn't comply, this is a criminal offence and they can be arrested. Option 2 is incorrect as it is the opposite of option 1. Option 4 is incorrect because there is no need for the innocent party to mitigate any losses. See p. 132 for more information on Specific Performance
Which of the following will you put into box 5?
The correct answers are as follows:
This is a condition as it is fundamental to 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?
This is affirmation of the contract. When a breach occurs the injured party has two options; termi-nate the contract or affirm the contract. In this example they have affirmed the contract- they have chosen to continue working with the offending party. See p.60.
Which of the following will you put into box 1?
The correct answers are as follows:
Subcontracting is the correct answer as they're using another company to fulfil the contract
Which of the following is usually the default method for resolving disputes?
Negotiation is usually the default method for resolving disputes. This is a direct quote from p.63
