Amazon
Avaya
Checkpoint
Cisco®
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL®
Juniper
Microsoft
MuleSoft
Okta
Palo Alto Networks
Salesforce
SAP
All Vendors
  1. Home
  2. CIPS
  3. L5M3

CIPS L5M3 Exam (page: 1)
CIPS Managing Contractual Risk
Updated on: 11-Aug-2025

Viewing Page 1 of 25
L5M3 PDF 120 Questions

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

  1. a display in a shop window
  2. an advert on a website
  3. an auction
  4. a bid on an auction
  5. a price proposal that is valid for 14 days

Answer(s): D,E

Explanation:

Offers include bids on an auction and a price proposal that is valid for 14 days. The other three options are Invitations to Treat. See p.3 for the full list of what constitutes an Invitation to Treat. The tricky thing here is that an auction is an invitation to treat but a bid on an auction is an offer. An auction is an ITT because you're encouraging people to make an offer to you. A bid on the auction is the offer (you offer to buy something at a price you propose).



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

  1. silence
  2. accepting a delivery of a product into the factory
  3. an invoice
  4. a handshake

Answer(s): A

Explanation:

Silence is not acceptance. Acceptance can be in writing, verbal or implied by conduct. The three other options are ways in which a contract could be accepted by conduct. See p.8 of the study guide



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?

  1. yes- Barbera's offer is still valid as it didn't come with a time clause attached
  2. yes- Barbera's offer is the best he will receive
  3. no - David's counter offer rescinded Barbera's offer
  4. no- he waited too long and Barbera's offer has expired

Answer(s): C

Explanation:

"No - David's counter offer rescinded Barbera's offer" is the correct answer. Remember: "once a counter offer is made, the original offer is viewed as rejected" - p.6 of the study guide.
What this means is when David goes back to Barbera about the £80,000 - he is now the offeror - and Barbera has the option to reject this. David is no longer in a position to accept or reject - Barbera is.



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?

  1. A Deed of Appointment of a Consultant
  2. In assignment of intellectual property rights
  3. A software licence agreement
  4. A confidentiality agreement

Answer(s): D

Explanation:

Indemnity isn't usually used for confidentiality agreements - this is stated on p.21 of the study guide. This is because it's hard to indemnify against- you don't know what the consequence of a breach of confidentiality is going to be so it's hard to quantify. Unliquidated damages is more suitable. The study guide does state that indemnity is frequently used in intellectual property rights, software licence agreements and share purchase agreements. This is also written on p. 21.



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

  1. Products Liability Insurance
  2. Employers Liability Insurance
  3. Professional Indemnity Insurance
  4. Public Liability Insurance

Answer(s): C,D

Explanation:

The correct answers are indemnity insurance and public liability insurance. Molly doesn't have any products so this wouldn't be required- she's a consultant. As a sole-trader she doesn't have employees so doesn't need Employer's Liability Insurance. The book does not go into much detail about types of insurances - but this is a known exam topic. So if you aren't confident on these four types of insurance and when you'd expect a supplier to have them - do some extra research before the exam. Insurance types are briefly mentioned on p. 25



Viewing Page 1 of 25



Share your comments for CIPS L5M3 exam with other users:

Mamo 8/12/2023 7:46:00 AM

will these question help me to clear pl-300 exam?
UNITED STATES


Marial Manyang 7/26/2023 10:13:00 AM

please provide me with these dumps questions. thanks
Anonymous


Amel Mhamdi 12/16/2022 10:10:00 AM

in the pdf downloaded is write google cloud database engineer i think that it isnt the correct exam
FRANCE


Angel 8/30/2023 10:58:00 PM

i think you have the answers wrong regarding question: "what are three core principles of web content accessibility guidelines (wcag)? answer: robust, operable, understandable
UNITED STATES


SH 5/16/2023 1:43:00 PM

these questions are not valid , they dont come for the exam now
UNITED STATES


sudhagar 9/6/2023 3:02:00 PM

question looks valid
UNITED STATES


Van 11/24/2023 4:02:00 AM

good for practice
Anonymous


Divya 8/2/2023 6:54:00 AM

need more q&a to go ahead
Anonymous


Rakesh 10/6/2023 3:06:00 AM

question 59 - a newly-created role is not assigned to any user, nor granted to any other role. answer is b https://docs.snowflake.com/en/user-guide/security-access-control-overview
Anonymous


Nik 11/10/2023 4:57:00 AM

just passed my exam today. i saw all of these questions in my text today. so i can confirm this is a valid dump.
HONG KONG


Deep 6/12/2023 7:22:00 AM

needed dumps
INDIA


tumz 1/16/2024 10:30:00 AM

very helpful
UNITED STATES


NRI 8/27/2023 10:05:00 AM

will post once the exam is finished
UNITED STATES


kent 11/3/2023 10:45:00 AM

relevant questions
Anonymous


Qasim 6/11/2022 9:43:00 AM

just clear exam on 10/06/2202 dumps is valid all questions are came same in dumps only 2 new questions total 46 questions 1 case study with 5 question no lab/simulation in my exam please check the answers best of luck
Anonymous


Cath 10/10/2023 10:09:00 AM

q.112 - correct answer is c - the event registry is a module that provides event definitions. answer a - not correct as it is the definition of event log
VIET NAM


Shiji 10/15/2023 1:31:00 PM

good and useful.
INDIA


Ade 6/25/2023 1:14:00 PM

good questions
Anonymous


Praveen P 11/8/2023 5:18:00 AM

good content
UNITED STATES


Anastasiia 12/28/2023 9:06:00 AM

totally not correct answers. 21. you have one gcp account running in your default region and zone and another account running in a non-default region and zone. you want to start a new compute engine instance in these two google cloud platform accounts using the command line interface. what should you do? correct: create two configurations using gcloud config configurations create [name]. run gcloud config configurations activate [name] to switch between accounts when running the commands to start the compute engine instances.
Anonymous


Priyanka 7/24/2023 2:26:00 AM

kindly upload the dumps
Anonymous


Nabeel 7/25/2023 4:11:00 PM

still learning
Anonymous


gure 7/26/2023 5:10:00 PM

excellent way to learn
UNITED STATES


ciken 8/24/2023 2:55:00 PM

help so much
Anonymous


Biswa 11/20/2023 9:28:00 AM

understand sql col.
Anonymous


Saint Pierre 10/24/2023 6:21:00 AM

i would give 5 stars to this website as i studied for az-800 exam from here. it has all the relevant material available for preparation. i got 890/1000 on the test.
Anonymous


Rose 7/24/2023 2:16:00 PM

this is nice.
Anonymous


anon 10/15/2023 12:21:00 PM

q55- the ridac workflow can be modified using flow designer, correct answer is d not a
UNITED STATES


NanoTek3 6/13/2022 10:44:00 PM

by far this is the most accurate exam dumps i have ever purchased. all questions are in the exam. i saw almost 90% of the questions word by word.
UNITED STATES


eriy 11/9/2023 5:12:00 AM

i cleared the az-104 exam by scoring 930/1000 on the exam. it was all possible due to this platform as it provides premium quality service. thank you!
UNITED STATES


Muhammad Rawish Siddiqui 12/8/2023 8:12:00 PM

question # 232: accessibility, privacy, and innovation are not data quality dimensions.
SAUDI ARABIA


Venkat 12/27/2023 9:04:00 AM

looks wrong answer for 443 question, please check and update
Anonymous


Varun 10/29/2023 9:11:00 PM

great question
Anonymous


Doc 10/29/2023 9:36:00 PM

question: a user wants to start a recruiting posting job posting. what must occur before the posting process can begin? 3 ans: comment- option e is incorrect reason: as part of enablement steps, sap recommends that to be able to post jobs to a job board, a user need to have the correct permission and secondly, be associated with one posting profile at minimum
UNITED KINGDOM