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L5M3 Dumps With Exact Questions and Answers

Exact2pass Provides 100% Valid Managing Contractual Risk L5M3 Exam dumps Questions and answers which can helps you to Pass Your Certification Exam in First Attempt.

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L5M3 Questions and Answers

Question # 1

George is a procurement manager at a manufacturing company and is reviewing a contract he has with a supplier. He notes that there are multiple appendices to the contract and there is no Precedence of Documents. What does this mean for the contract?

A.

all clauses are considered equal

B.

clauses in the contract take precedent over clauses in the appendices

C.

the clauses that come first in the document, take precedent

D.

the contract is not valid

Question # 2

Perry is seeking a resolution to a conflict he has with his supplier. He wants a third party to make a binding and legally enforceable decision and wants the issue to remain confidential. He is considering litigation. Is this the best solution for Perry?

A.

yes- litigation is the most appropriate for his requirements

B.

no- Perry should try mediation

C.

no- Perry should try Adjudication

D.

no - Perry should try Conciliation

Question # 3

David is selling his house and Barbera would like to buy it. David is expecting to get £100,000 for his house. Barbera offers £80,000 and David asks Barbera if she'll pay £90,000 instead. Barbera says no. After a week David hasn't had any other offers so would like to accept Bar-bera's offer. Can he do this?

A.

yes- Barbera's offer is still valid as it didn't come with a time clause attached

B.

yes- Barbera's offer is the best he will receive

C.

no - David's counter offer rescinded Barbera's offer

D.

no- he waited too long and Barbera's offer has expired

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