Expert Answers to CIPS Exam L4M3 Questions

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CIPS Level 4 Diploma in Procurement and Supply Commercial Contracting

Commercial Contracting

Last Update May 5, 2024
Total Questions : 190

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Questions 4

Information assurance protects information systems and...?

Options:

Hard copy

Computers

Inventory

People

Discussion 0

Questions 5

What does quantum meruit mean?

Options:

As much as is earned

A non-graduations promise

As much as is paid

An implied promise

Discussion 0

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Questions 6

Which of the following statement is true about insurance?

Options:

An insurance policy can be mechanism of substance to back up indemnity

The supplier must always pay the insurance premium for goods-in-transit

An insurance policy transfers the legal liabilities from the insured to the insurer

Professional indemnity insurance provides the insured business with financial protection against the liabilities caused by or arising out of the products supplied

Discussion 0

Questions 7

In common law, which of the following documents is legally binding without the need for consideration?

Options:

One-off contract

Hire purchase agreement

Deed

Blanket order

Discussion 0

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