CIPS Managing Contractual Risk L5M3 Dumps in PDF

Free CIPS L5M3 Real Questions (page: 20)

Verity Fashion is a clothing manufacturer and has an order to create 10,000 pairs of flipflops for a retailer for the summer. The order was placed over the phone in February. The order has been completed and has been boxed up ready for delivery. The retailer calls Verity Fashion in June and says that the order is no longer required.
What action can Verity Fashion take?

  1. sue for damages as the flip flops have already been made and this incurred costs
  2. nothing- there is no written contract in place
  3. subcontract the manufacturing of the flipflops to a third party
  4. claim on insurance

Answer(s): A

Explanation:

Verity can sue for damages. The order was placed over the phone meaning that there was a verbal contract in place. Contracts do not need to be written to be enforceable so option 2 is incorrect. There is no termination clause mentioned in the question so you can assume that there isn't one. This means that the retailer is committing a breach of the verbal contract by cancelling the order. Verity could therefore apply for damages. (Whether or not they'd be awarded is a different matter!). This question tests your understanding of when contracts can be terminated and remedies for breaches. See p. 134.



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

  1. mediation
  2. negotiation
  3. arbitration
  4. conciliation

Answer(s): B

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



Franky B's is a popular restaurant chain which is seeking a resolution to a conflict it has with its supplier of Fried Chicken. It is looking for a dispute resolution that does not involve the court but in which an expert third party will make a binding decision.
Which is the most suitable dispute resolution method for Franky B's?

  1. litigation
  2. adjudication
  3. conciliation
  4. mediation

Answer(s): B

Explanation:

This is Adjudication. The other answers are incorrect- litigation involves the court. Conciliation and mediation do not provide binding decisions. P. 143



Perry is seeking a resolution to a conflict he has with his supplier. He wants a third party to make a binding and legally enforceable decision and wants the issue to remain confidential. He is considering litigation. Is this the best solution for Perry?

  1. yes- litigation is the most appropriate for his requirements
  2. no- Perry should try mediation
  3. no- Perry should try Adjudication
  4. no - Perry should try Conciliation

Answer(s): C

Explanation:

Perry should try adjudication. Litigation is public so there would be no confidentiality. Out of the four options only adjudication would provide Perry with what he needs; a binding decision which is confidential. See p.146 for more information on litigation.



Robert has a contract with Farmer Ted who provides his manufacturing firm with potatoes. There is a contract in place, signed by both parties that Ted will deliver 2 tonnes of potatoes per week. Due to changes in demand, Robert would like Ted to start providing 3 tonnes of potatoes every three weeks.
What must be in place for this change to occur?

  1. a variation clause and a new liquidated damage fee
  2. a variation clause and a signed agreement by both parties
  3. a notification of change and adequate compensation
  4. a notification of change and indemnity

Answer(s): B

Explanation:

A variation clause and signed agreement by both parties is required to make the change. See p.16-17 for more information on contract variations. Note a 'notification of change' isn't valid unless it's accepted by the other party- so it's a good idea for both parties to sign to say they agree to the change.



Share your comments for CIPS L5M3 exam with other users:

L
Leo
7/29/2023 8:45:00 AM

latest dumps please

L
Laolu
2/15/2023 11:04:00 PM

aside from pdf the test engine software is helpful. the interface is user-friendly and intuitive, making it easy to navigate and find the questions.

Z
Zaynik
9/17/2023 5:36:00 AM

questions and options are correct, but the answers are wrong sometimes. so please check twice or refer some other platform for the right answer

M
Massam
6/11/2022 5:55:00 PM

90% of questions was there but i failed the exam, i marked the answers as per the guide but looks like they are not accurate , if not i would have passed the exam given that i saw about 45 of 50 questions from dump

A
Anonymous
12/27/2023 12:47:00 AM

answer to this question "what administrative safeguards should be implemented to protect the collected data while in use by manasa and her product management team? " it should be (c) for the following reasons: this administrative safeguard involves controlling access to collected data by ensuring that only individuals who need the data for their job responsibilities have access to it. this helps minimize the risk of unauthorized access and potential misuse of sensitive information. while other options such as (a) documenting data flows and (b) conducting a privacy impact assessment (pia) are important steps in data protection, implementing a "need to know" access policy directly addresses the issue of protecting data while in use by limiting access to those who require it for legitimate purposes. (d) is not directly related to safeguarding data during use; it focuses on data transfers and location.

J
Japles
5/23/2023 9:46:00 PM

password lockout being the correct answer for question 37 does not make sense. it should be geofencing.

F
Faritha
8/10/2023 6:00:00 PM

for question 4, the righr answer is :recover automatically from failures

A
Anonymous
9/14/2023 4:27:00 AM

question number 4s answer is 3, option c. i

P
p das
12/7/2023 11:41:00 PM

very good questions

A
Anna
1/5/2024 1:12:00 AM

i am confused about the answers to the questions. are the answers correct?

B
Bhavya
9/13/2023 10:15:00 AM

very usefull

R
Rahul Kumar
8/31/2023 12:30:00 PM

need certification.

D
Diran Ole
9/17/2023 5:15:00 PM

great exam prep

V
Venkata Subbarao Bandaru
6/24/2023 8:45:00 AM

i require dump

D
D
7/15/2023 1:38:00 AM

good morning, could you please upload this exam again,

A
Ann
9/15/2023 5:39:00 PM

hi can you please upload the dumps for sap contingent module. thanks

S
Sridhar
1/16/2024 9:19:00 PM

good questions

S
Summer
10/4/2023 9:57:00 PM

looking forward to the real exam

V
vv
12/2/2023 2:45:00 PM

good ones for exam preparation

D
Danny Zas
9/15/2023 4:45:00 AM

this is a good experience

S
SM 1211
10/12/2023 10:06:00 PM

hi everyone

A
A
10/2/2023 6:08:00 PM

waiting for the dump. please upload.

A
Anonymous
7/16/2023 11:05:00 AM

upload cks exam questions

J
Johan
12/13/2023 8:16:00 AM

awesome training material

P
PC
7/28/2023 3:49:00 PM

where is dump

Y
YoloStar Yoloing
10/22/2023 9:58:00 PM

q. 289 - the correct answer should be b not d, since the question asks for the most secure way to provide access to a s3 bucket (a single one), and by principle of the least privilege you should not be giving access to all buckets.

Z
Zelalem Nega
5/14/2023 12:45:00 PM

please i need if possible h12-831,

U
unknown-R
11/23/2023 7:36:00 AM

good collection of questions and solution for pl500 certification

S
Swaminathan
5/11/2023 9:59:00 AM

i would like to appear the exam.

V
Veenu
10/24/2023 6:26:00 AM

i am very happy as i cleared my comptia a+ 220-1101 exam. i studied from as it has all exam dumps and mock tests available. i got 91% on the test.

K
Karan
5/17/2023 4:26:00 AM

need this dump

R
Ramesh Kutumbaka
12/30/2023 11:17:00 PM

its really good to eventuate knowledge before appearing for the actual exam.

A
anonymous
7/20/2023 10:31:00 PM

this is great

X
Xenofon
6/26/2023 9:35:00 AM

please i want the questions to pass the exam

AI Tutor 👋 I’m here to help!