CIPS L5M3 Quiz 1 Topic 1 Questions 1-5

Question: 1

Fishfingers Ltd has a contract with a supplier of cod. When the contract was set up it was not known how important specific delivery times would be for the arrival of the fish. After several months it has now become apparent that delivering the fish within 3 hours of them being caught is fundamental to the contract as delayed delivery results in poorer quality Fish Fingers. When the contract was set up what was the delivery times?

Aa condition of the contract

Ba warranty

Can innominate term

Da time is of the essence clause

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Question: 2

Which of the following will you put into box 2?

APayment Term

BTime is of the Essence

CSubcontracting

DSpecification

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Question: 3

Which of the following statements about adjudication is true?

Aadjudicators are appointed at random and therefore may not have specific knowledge of the subject matter

Bthe decision making process can be lengthy and expensive

Cparties are expected to present their cases in person in front of the adjudicator

Dthe decision made by the adjudicator is binding and usually communicated within 28 days

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Question: 4

An exchange of written documents between a buyer and supplier, each detailing their own Terms and Conditions is known as the Battle of the Forms. Who generally wins the Battle?

AThe party who issued the first document

BThe party who issued the last document

CThe party with the greatest liability

DThe party who commits a breach

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Question: 5

Which of the following will you put into box 1?

Aanticipatory breach

Bfundamental breach

Cpayment terms

Dspecification

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CIPS L5M3 Quiz:1 Topic:1 Questions:1-5