Parky Parks Ltd has a contract with Slides R Us for the provision of children's playground equipment. The contract contains a clause for liquidated damages and puts the figure at £500k. Which of the following statements is correct? Select TWO
A. liquidated damages is a genuine estimate of loss
B. costs incurred above £500k will be covered by Parky Parks Ltd
C. If damages exceed £500k Parky Parks can apply to the courts to get Slides R Us to pay above this amount
D. Damages under the amount of £500k are not required to be paid to Parky Parks
E. Liquidated damages needs to be a 100% accurate figure
正解:A,B
解説: (Pass4Test メンバーにのみ表示されます)
質問 2:
Which of the following is a consensual form of dispute resolution?
A. negotiation
B. mediation
C. adjudication
D. litigation
正解:B
解説: (Pass4Test メンバーにのみ表示されます)
質問 3:
What is the purpose of conflict resolution?
A. to create a binding solution to an issue
B. to agree on a way forward
C. to ensure all parties are happy with the outcome
D. to punish the party who breaks the contract
正解:B
解説: (Pass4Test メンバーにのみ表示されます)
質問 4:
Which of the following would not be considered acceptance of a contract term?
A. accepting a delivery of a product into the factory
B. silence
C. an invoice
D. a handshake
正解:B
解説: (Pass4Test メンバーにのみ表示されます)
質問 5:
Which of the following will you put into box 7?
A. Innominate Term
B. Warranty
C. Condition
正解:C
解説: (Pass4Test メンバーにのみ表示されます)
質問 6:
If a party is to 'repudiate' a contract, what does this mean?
A. the party is cancelling the contract as it is no longer needed
B. the party is using the break-clause to end the contract
C. the party indicates they no longer intend to fulfil their contractual obligations, usually in response to a breach
D. the party gives notice that they anticipate that they will not be able to fulfil their future obligations
正解:C
解説: (Pass4Test メンバーにのみ表示されます)
質問 7:
Which of the following situations would be considered a minor breach of a contract? Select TWO:
A. A supplier delivers a lorry-load of produce six hours late due to a burst tyre.
B. a supplier has breached a non-disclosure agreement
C. a painter is contracted to paint a room white but paints it magnolia as there was no white paint available
D. a zoo orders three baby lions and is given three baby tigers
E. a consultant has given bad advice
正解:B,C
解説: (Pass4Test メンバーにのみ表示されます)
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Seto -
試験参考書のおかげで、順調にL5M3試験をパスしました。簡単になります。いい資料です!