Free CIPS L4M3 Exam Questions
Absolute Free L4M3 Exam Practice for Comprehensive Preparation
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CIPS L4M3 Exam Questions
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Provided By: CIPS
- Exam: Commercial Contracting
- Certification: CIPS Certification
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Total Questions: 289
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Updated On: Apr 14, 2026
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Rated: 4.9 |
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Online Users: 578
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Question 1
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Which of the following is most likely to be an one-off contract?
Answer: C
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Which of the following is most likely to be an one-off contract?
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Question 2
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Which of the following is most likely to be an one-off contract?
Answer: C
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Which of the following is most likely to be an one-off contract?
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Question 3
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Danielle buys a car from Aaron. Not long after, she receives an proposal from Brian, who isinterested inbuying the car but his budget is very constraint. Then, Brian decides to sign a hire purchase agreement withDanielle which lasts 4 years. Brian lives very far from Danielle, so hehires Charlie to deliver the car to hisplace. During the transport, Charlie has an accident and the car is written off. At the time of accident, who hasthe title of the car?
Answer: D
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Danielle buys a car from Aaron. Not long after, she receives an proposal from Brian, who isinterested inbuying the car but his budget is very constraint. Then, Brian decides to sign a hire purchase agreement withDanielle which lasts 4 years. Brian lives very far from Danielle, so hehires Charlie to deliver the car to hisplace. During the transport, Charlie has an accident and the car is written off. At the time of accident, who hasthe title of the car?
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Question 4
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Which of the following are likely to be reasons why a company should develop standard terms and conditionsfor purchases? Select TWO that apply:
Answer: B,D
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Which of the following are likely to be reasons why a company should develop standard terms and conditionsfor purchases? Select TWO that apply:
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Question 5
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A buyer is in the process of supporting colleagues internally in the drafting of a specification for a new
product. They have limited personal knowledge of the product and of the market. They are at the very early
stages of drafting the specification and are seeking to increase their knowledge, whilst at the same time,
keeping their likely future needs a commercial secret at this stage. Which of the following would be the best
method of achieving this?
Answer: B
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A buyer is in the process of supporting colleagues internally in the drafting of a specification for a new
product. They have limited personal knowledge of the product and of the market. They are at the very early
stages of drafting the specification and are seeking to increase their knowledge, whilst at the same time,
keeping their likely future needs a commercial secret at this stage. Which of the following would be the best
method of achieving this?