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L4M3 Practice Questions

Commercial Contracting Exam Practice Test


Total 47 Pages
Total 233 Questions

L4M3 Practice Questions

Question# 1

Which of the following is the model form of contract for construction which is recommended by World Bank?
Choose the Choices:


Question# 2

Which of the following are likely to feature within an outcome - specification? 1. Dimension 2. Performance requirement 3. Input material 4. Product function
Choose the Choices:


Question# 3

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
Choose the Choices:


Question# 4

In which of the following section of a specification, requirements for training to use the equipment will be set out?
Choose the Choices:


Question# 5

In common law, which of the following documents is legally binding without the need for consideration?
Choose the Choices:


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