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 L5M3 Dumps with Practice Exam Questions Answers

Questions: 120 questions

Last Update: Dec 13, 2024

CIPS Certification Exam L5M3 has been designed to measure your skills in handling the technical tasks mentioned in the certification syllabus

L5M3 Exam Last Week Results!

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85%

Average Score In Real
Exam At Testing Centre

87%

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L5M3 Questions and Answers

Question # 1

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

A.

performance

B.

agreement

C.

litigation

D.

breach

Question # 2

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.

liquidated damages

B.

limitation of liability

C.

time is of the essence

D.

KPIs

Question # 3

Which of the following will you put into box 2?

A.

Payment Term

B.

Time is of the Essence

C.

Subcontracting

D.

Specification

Question # 4

Which of the following will you put into box 1?

A.

subcontracting

B.

reputational damage

C.

penalty clause

D.

consequential loss

Question # 5

What is a boilerplate clause?

A.

the clause that will take precedent if there are conflicting pieces of information within a contract

B.

a type of warranty

C.

a clause that allows the contract to be modified if both parties are in agreement

D.

a set of clauses that are commercially standard and expected in all contracts