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: 193
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Updated On: May 13, 2025
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Rated: 4.9 |
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Online Users: 386
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Question 1
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Which of the following are likely to be advantages of using invitation to tender? Select TWO that apply:
Answer: C,D
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Which of the following are likely to be advantages of using invitation to tender? Select TWO that apply:
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Question 2
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Which of the following is set down in statute as a liability that exists without any need to prove fault?
Answer: A
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Which of the following is set down in statute as a liability that exists without any need to prove fault?
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Question 3
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Which of the following are true statements about RFQ process? Select TWO that apply.
Answer: B,C
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Which of the following are true statements about RFQ process? Select TWO that apply.
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Question 4
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Which of the following is the term that describes an item bought for a single and non-recurring use or purpose?
Answer: C
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Which of the following is the term that describes an item bought for a single and non-recurring use or purpose?
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Question 5
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MWB operates serviced offices in central London. Rock entered a contractual licence with MWB to occupy office space in Marble Arch and had accumulated licence fees in arrears. The original licence agreement contained a ‘No Oral Modification’ clause that said: 'All variations to this licence must be agreed, set out in writing and signed on behalf of both parties before they take effect'.
After 6 months, Rock director re-negotiated to extend payment period over phone call and MWB credit controller agreed his proposal. Is this agreement considered as an effective variation to the original licence agreement?
Answer: A
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MWB operates serviced offices in central London. Rock entered a contractual licence with MWB to occupy office space in Marble Arch and had accumulated licence fees in arrears. The original licence agreement contained a ‘No Oral Modification’ clause that said: 'All variations to this licence must be agreed, set out in writing and signed on behalf of both parties before they take effect'.