2023 Valid L5M3 Real Exam Questions, practice CIPS Level 5 Advanced Diploma in Procurement and Supply [Q62-Q82]

QUESTION 62
Jenny has received a written offer from a supplier. She emails them to clarify if they can do next day delivery. The supplier does not reply. The next day Jenny makes the payment. Has a contract been formed?

QUESTION 63
Which of the following will you put into box 2?

QUESTION 64
ABC has a contract with its supplier DEF who delivers pasta to ABC’s manufacturing plant. DEF has committed a breach and conflict resolution has taken place. The Court has awarded ABC ‘specific performance’ damages. What could this involve?

QUESTION 65
When a contract becomes ‘crystalised’ what does this mean?

QUESTION 66
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?

QUESTION 67
Which of the following will you put into box 1?

QUESTION 68
Which of the following statements about adjudication is true?

QUESTION 69
Tyrone Enterprises has just come out of a meeting with one of its suppliers Bob. The meeting has not gone well and the contract has become frustrated. What does this mean?

QUESTION 70
An agreement in which an organisation is not accountable for any damages that occur during a contract is known as what?

QUESTION 71
Which of the following will you put into box 1?

QUESTION 72
What is a boilerplate clause?

QUESTION 73
Service Credits are a form of what?

QUESTION 74
Buyer A and Supplier B have had a disagreement regarding a breach in the contract. They are looking to resolve the issue via arbitration. Which of the following is true about arbitration?

QUESTION 75
Which of the following processes is the most adversarial?

QUESTION 76
Which of the following will you put into box 5?

QUESTION 77
In which conflict resolution method is communication predominately written rather than spoken?

QUESTION 78
Which of the following will you put into box 6?

QUESTION 79
Which of the following is not a way in which a contract can end?

QUESTION 80
Which of these statements about Guarantees are TRUE? Select 2

QUESTION 81
If an innocent party wishes to terminate a contract due to a breach, which of the following is true?

QUESTION 82
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?