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: Jul 25, 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 the reason why liquidated damage clauses are embedded into a contract?
Answer: C
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Which of the following is the reason why liquidated damage clauses are embedded into a contract?
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Question 2
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A construction company often subcontracts approximately 50% of the project works because ofunpredictable customer's demand. Although larger corporate customers require quick response to RFQ, thetime lapse between tender bid submission and contract commencement is usually long. Which of thefollowing arrangement would benefit both the contractor and customer?
Answer: D
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A construction company often subcontracts approximately 50% of the project works because ofunpredictable customer's demand. Although larger corporate customers require quick response to RFQ, thetime lapse between tender bid submission and contract commencement is usually long. Which of thefollowing arrangement would benefit both the contractor and customer?
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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 most likely to be liabilities of suppliers under a guarantee clause?(SelectAny Two)
Answer: B,E
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Which of the following are most likely to be liabilities of suppliers under a guarantee clause?(SelectAny Two)
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Question 5
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A large company supplies a lot of products. Their shipments are often delayed and customers are not satisfied.Which of the following KPIs is most likely to be applied to this situation?
Answer: B
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A large company supplies a lot of products. Their shipments are often delayed and customers are not satisfied.Which of the following KPIs is most likely to be applied to this situation?