Exam L4M3 Topic 2 Question 142 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 142
Topic #: 2
Which of the following are most likely to be liabilities of suppliers under a guarantee clause? Select

Suggested Answer: B,E Vote an answer

A guarantee is an agreement given by a trader to a consumer, without any extra charge, to repair, replace or refund goods that do not meet the specifications set out in the guarantee. A guarantee is usually issued by the manufacturer of goods or by a trader that provides goods as part of a service - replacement windows, for instance. Generally, a guarantee provider undertakes to carry out free repairs, for a set period of time, for problems that can be attributed to manufacturing defects.
Reference:
- Guarantees and warranties
- CIPS study guide page 157-159
LO 3, AC 3.2

by Simona at Jul 04, 2026, 02:16 AM

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