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L5M3 Practice Questions

Managing Contractual Risk Exam Practice Test


Total 24 Pages
Total 120 Questions

L5M3 Practice Questions

Question# 1

Which of the following would constitute an offer? Select TWO:
Choose the Choices:


Question# 2

Which of the following would not be considered acceptance of a contract term?
Choose the Choices:


Question# 3

David is selling his house and Barbera would like to buy it. David is expecting to get £100,000 for his house. Barbera offers £80,000 and David asks Barbera if she'll pay £90,000 instead. Barbera says no. After a week David hasn't had any other offers so would like to accept Bar - bera's offer. Can he do this?
Choose the Choices:


Question# 4

A large financial organisation ensures that they have contracts with all of their suppliers. In which instance would indemnity not necessarily form part of the contract?
Choose the Choices:


Question# 5

Molly is a wedding planner who has just set up as a sole - trader. She has a meeting with a po - tential couple to organise their wedding. The couple is extremely risk adverse and have asked Molly to email them a copy of her insurances. Which insurances should Molly send? Select TWO
Choose the Choices:


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