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Free CIPS L4M3 Exam Questions

Absolute Free L4M3 Exam Practice for Comprehensive Preparation 

  • CIPS L4M3 Exam Questions
  • Provided By: CIPS
  • Exam: Commercial Contracting
  • Certification: CIPS Certification
  • Total Questions: 289
  • Updated On: Jan 15, 2026
  • Rated: 4.9 |
  • Online Users: 578
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  • Question 1
    • 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
  • Question 2
    • The pricing arrangement in which markup is added into cost base to calculate the final price is known as...? 

      Answer: D
  • Question 3
    • Standard terms and conditions should become the governing terms for which group of items? 

      Answer: D
  • Question 4
    • Which of the following is the set of principles that enables courts to determine exactly what the writtencontract says and what that must mean, then the court will uphold that?

      Answer: A
  • Question 5
    • Standard terms and conditions should become the governing terms for which group of items? 

      Answer: D
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