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NEW QUESTION 46
Kranky Kat Ltd has just been through an adjudication process with a supplier it worked with who committed a breach in the contract. Kranky Kat is not happy with the outcome of the adjudication, what can Kranky Kat do?
Answer: B
Explanation:
If you're not happy with the decision of an adjudication you can appeal the decision. So option 2 is correct. If the appeal is turned down then unfortunately there's not much more you can do as adjudication is binding and legally enforceable. See p. 143 for more info on adjudication
NEW QUESTION 47
A failure to perform a provision of a contract which does not affect the end performance of the contract is known as what?
Answer: A
Explanation:
This is a minor breach. This is the definition as given in the study guide on p. 48
NEW QUESTION 48
Franky B's is a popular restaurant chain which is seeking a resolution to a conflict it has with its supplier of Fried Chicken. It is looking for a dispute resolution that does not involve the court but in which an expert third party will make a binding decision. Which is the most suitable dispute resolution method for Franky B's?
Answer: A
Explanation:
This is Adjudication. The other answers are incorrect- litigation involves the court. Conciliation and mediation do not provide binding decisions. P. 143
NEW QUESTION 49
Which of the following would not be considered acceptance of a contract term?
Answer: B
Explanation:
Silence is not acceptance. Acceptance can be in writing, verbal or implied by conduct. The three other options are ways in which a contract could be accepted by conduct. See p.8 of the study guide
NEW QUESTION 50
Which of the following will you put into box 1?
Answer: D
Explanation:
The correct answers are as follows:
The answer is compromise as they're seeking a solution that will satisy everyone.
NEW QUESTION 51
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