Free CIPS L5M3 Exam Dumps Questions & Answers

Popsi Cula is a manufacturer of sugared beverages and produces over 5000 tonnes of soda each day. It is extremely important that ingredients are delivered to the factory on specific days in order for the production to keep to its very tight schedule. Popsi Cula is onboarding a new supplier - which of the following clauses would it be important for the contract to contain?

• A.  time is of the essence
• B.  liquidated damages
• C.  limitation of liability
• D.  KPIs

Which of the following statements about adjudication is true?

• A.  parties are expected to present their cases in person in front of the adjudicator
• B.  adjudicators are appointed at random and therefore may not have specific knowledge of the subject matter
• C.  the decision made by the adjudicator is binding and usually communicated within 28 days
• D.  the decision making process can be lengthy and expensive

Which of the following statements about penalty clauses is not true?

• A.  they are illegal
• B.  they are used to deter the parties from breaching the contract
• C.  they can harm the working relationship
• D.  they provide damages in excess of the true cost of a breach

A breach which is so severe that it goes to the root of the contract is known as what?

• A.  major breach
• B.  condition breach
• C.  fundamental breach
• D.  essence breach

Which of the following will you put into box 7?

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