CIPS L4M3 Actual Free Exam Questions & Community Discussion

Which of the following is the model form of contract for construction which is recommended by World Bank?

One of the important features in the formation of a contract is the need to have a 'consensus ad idem' between the contracting parties. 'Consensus ad idem' can be translated as meaning:

Under a framework agreement, which of the following are supplier selection mechanisms? Select TWO that apply:

A category buyer is purchasing medical gases for a hospital, but is experiencing volatile and unfavourable market conditions due to multiple global external factors. Owing to the volatility, the hospital's finance director has tasked the buyer with providing certainty of costs for the next 18 months. Which of the following pricing methods will enable budgeting certainty, despite the highly volatile market conditions?

Maximum Score 1
Which of the following are examples of a lack of 'capacity' to enter into a contract?
* A contracting party has a severe mental disorder
* A contracting party has failed to concentrate during negotiations
* A contracting party is 19 years of age
* A contracting party (corporation) has acted 'ultra vires' (beyond its defined legal powers)

Which of the following would be useful tools to incentivise supplier innovation over the duration of the contract?
1. Gainshare arrangement
2. Liquidated damages
3. Service credits
4. Fixed bonus payments

What is an example of the legal term an 'Invitation to treat'?

Buyer D agrees a contract with Supplier C which includes the words 'to be agreed' in relation to the date for delivery of the goods. At the time of the contract, Buyer D is aware that the goods take two days to produce and one day to deliver. Buyer D contacts the supplier one week later, requesting the goods be delivered the following day. Supplier C is unable to deliver the next day but rather delivers the goods three days later. Is it the case that Buyer D can legally refuse to pay for the goods because Supplier C is in breach of contract?

Under English law's general legal principles of contract formation, which of the following are likely to be offers? Select TWO that apply.