2023 L5M3考古题推薦,新版L5M3考古題 & Managing Contractual Risk在線題庫

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NEW QUESTION 43
Which of the following is not a form of ADR (Alternative Dispute Resolution)?

  • A. negotiation
  • B. mediation
  • C. conciliation
  • D. arbitration

Answer: A

Explanation:
Negotiation isn't an alternative dispute resolution because it's supposed to be the 'default' dispute resolution- the one you automatically do when a problem occurs. Only if negotiation fails should you turn to ADR. P. 142

 

NEW QUESTION 44
Kelly and Chloe have a contract in which Kelly provides MRO supplies to Chloe's manufac-turing business. Kelly has committed a fundamental breach but Chloe has not suffered any loss. Chloe has chosen to terminate the contract. Can she claim damages?

  • A. no- Chloe cannot claim damages as she has not incurred a loss
  • B. no - Chloe cannot claim damages as she decided to terminate the contract
  • C. yes- Chloe can claim unliquidated damages as the contract is terminating
  • D. yes- Chloe can claim liquidated damages if these are stated in the contract

Answer: A

Explanation:
3 is the correct answer. Damages cannot be claimed is there has not been any loss. This is stated on p. 122

 

NEW QUESTION 45
A failure to perform a provision of a contract which does not affect the end performance of the contract is known as what?

  • A. minor breach
  • B. major breach
  • C. warranty breach
  • D. small breach

Answer: A

Explanation:
This is a minor breach. This is the definition as given in the study guide on p. 48

 

NEW QUESTION 46
......

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