CIPS Managing Contractual Risk L5M3 Dumps in PDF

Free CIPS L5M3 Real Questions (page: 4)

Restitution Measures are an award which seeks to return the value of a benefit which has been seen to be unfairly received.
Which of the following statements about Restitution Measures is TRUE? Select TWO

  1. restitution damages intend to return the innocent party to the position they were in be-fore the contract
  2. restitution damages considers the position of the breaching party before the contract
  3. restitution damages are based on how much was gained by the breaching party as a re-sult of the breach
  4. restitution damages are not limited to pre-agreed levels stated in the contract

Answer(s): A,C

Explanation:

The correct answers are 1 and 3. These are taken from p. 124. Option 2 is incorrect - this is the definition of reliance damages. Option 4 is also incorrect- restitution damages are limited to pre- agreed levels stated in the contract.



A breach of representation by party A in a contract would allow party B to do what?

  1. rescind the contract
  2. claim damages
  3. rescind the contract and claim damages
  4. nothing - this is not a fundamental breach

Answer(s): C

Explanation:

A breach of representation is a major/ fundamental breach and allows the innocent party to rescind the contract and claim damages. A Breach of Representation is when you provide false information about who you are- this might have been a fundamental reason as to why the contract went ahead. If it turns out not to be true, the other party has the right to cancel the contract and claim damages.
See p.126



Alan has an ongoing contract with a supplier for the provision of gardening tools to his horti-culture business. He has been working with the supplier for over 20 years and has recently discovered that the supplier committed a breach in a warranty 3 years ago. Can Alan claim damages?

  1. yes- the breach has occurred and a contract is in place
  2. yes- Alan can claim damages and rescind the contract
  3. no- Alan could only claim if the breach was of a condition, not a warranty
  4. no- Alan cannot claim because the breach was so long ago

Answer(s): A

Explanation:

"Yes- A Breach has occurred and a contract is in place" - this is the correct answer. Claims against warranties can be made up to six years from the date the contract is breached. Option 2 isn't correct as a breach in warranty does not allow you to rescind the contract. Options 3 and 4 are incorrect because Alan CAN claim damages. There's a useful table about warranties and conditions on p. 127



If a party is to 'repudiate' a contract, what does this mean?

  1. the party is cancelling the contract as it is no longer needed
  2. the party is using the break-clause to end the contract
  3. the party indicates they no longer intend to fulfil their contractual obligations, usually in response to a breach
  4. the party gives notice that they anticipate that they will not be able to fulfil their future obligations

Answer(s): C

Explanation:

"the party indicates they no longer intend to fulfil their contractual obligations, usually in response to a breach". This is the definition of 'repudiate' given on p. 128 Before the exam check you understand the difference between repudiate, rescind and revoke. These are all ways contracts can end but are slightly different.



Which of the following statements about 'Specific Performance' are TRUE? Select TWO.

  1. Orders for Specific Performance can be a lengthy and costly process
  2. Orders for Specific Performance can be a cheap and quick way to remedy a breach in contract
  3. If a party is ordered to complete a 'Specific Performance' and doesn't, they can be ar-rested
  4. The innocent party must mitigate all losses

Answer(s): A,C

Explanation:

1+3 are correct. Specific Performance tend to go through the courts so this is a lengthy and costly process. Because it's mandated by the courts it means that if the offending party doesn't comply, this is a criminal offence and they can be arrested. Option 2 is incorrect as it is the opposite of option 1. Option 4 is incorrect because there is no need for the innocent party to mitigate any losses. See p.
132 for more information on Specific Performance



Share your comments for CIPS L5M3 exam with other users:

T
TTB
8/22/2023 5:30:00 AM

hi, could you please update the latest dump version

T
T
7/28/2023 9:06:00 PM

this question is keep repeat : you are developing a sales application that will contain several azure cloud services and handle different components of a transaction. different cloud services will process customer orders, billing, payment, inventory, and shipping. you need to recommend a solution to enable the cloud services to asynchronously communicate transaction information by using xml messages. what should you include in the recommendation?

G
Gurgaon
9/28/2023 4:35:00 AM

great questions

W
wasif
10/11/2023 2:22:00 AM

its realy good

S
Shubhra Rathi
8/26/2023 1:12:00 PM

oracle 1z0-1059-22 dumps

L
Leo
7/29/2023 8:48:00 AM

please share me the pdf..

A
AbedRabbou Alaqabna
12/18/2023 3:10:00 AM

q50: which two functions can be used by an end user when pivoting an interactive report? the correct answer is a, c because we do not have rank in the function pivoting you can check in the apex app

R
Rohan Limaye
12/30/2023 8:52:00 AM

best to practice

A
Aparajeeta
10/13/2023 2:42:00 PM

so far it is good

V
Vgf
7/20/2023 3:59:00 PM

please provide me the dump

D
Deno
10/25/2023 1:14:00 AM

i failed the cisa exam today. but i have found all the questions that were on the exam to be on this site.

C
CiscoStudent
11/15/2023 5:29:00 AM

in question 272 the right answer states that an autonomous acces point is "configured and managed by the wlc" but this is not what i have learned in my ccna course. is this a mistake? i understand that lightweight aps are managed by wlc while autonomous work as standalones on the wlan.

P
pankaj
9/28/2023 4:36:00 AM

it was helpful

U
User123
10/8/2023 9:59:00 AM

good question

V
vinay
9/4/2023 10:23:00 AM

really nice

U
Usman
8/28/2023 10:07:00 AM

please i need dumps for isc2 cybersecuity

Q
Q44
7/30/2023 11:50:00 AM

ans is coldline i think

A
Anuj
12/21/2023 1:30:00 PM

very helpful

G
Giri
9/13/2023 10:31:00 PM

can you please provide dumps so that it helps me more

A
Aaron
2/8/2023 12:10:00 AM

thank you for providing me with the updated question and answers. this version has all the questions from the exam. i just saw them in my exam this morning. i passed my exam today.

S
Sarwar
12/21/2023 4:54:00 PM

how i can see exam questions?

C
Chengchaone
9/11/2023 10:22:00 AM

can you please upload please?

M
Mouli
9/2/2023 7:02:00 AM

question 75: option c is correct answer

J
JugHead
9/27/2023 2:40:00 PM

please add this exam

S
sushant
6/28/2023 4:38:00 AM

please upoad

J
John
8/7/2023 12:09:00 AM

has anyone recently attended safe 6.0 certification? is it the samq question from here.

B
Blessious Phiri
8/14/2023 3:49:00 PM

expository experience

C
concerned citizen
12/29/2023 11:31:00 AM

52 should be b&c. controller failure has nothing to do with this type of issue. degraded state tells us its a raid issue, and if the os is missing then the bootable device isnt found. the only other consideration could be data loss but thats somewhat broad whereas b&c show understanding of the specific issues the question is asking about.

D
deedee
12/23/2023 5:10:00 PM

great help!!!

S
Samir
8/1/2023 3:07:00 PM

very useful tools

S
Saeed
11/7/2023 3:14:00 AM

looks a good platform to prepare az-104

M
Matiullah
6/24/2023 7:37:00 AM

want to pass the exam

S
SN
9/5/2023 2:25:00 PM

good resource

Z
Zoubeyr
9/8/2023 5:56:00 AM

question 11 : d

AI Tutor 👋 I’m here to help!