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NEW QUESTION 37
What is the purpose of conflict resolution?

A. to agree on a way forwardB. to punish the party who breaks the contractC. to create a binding solution to an issueD. to ensure all parties are happy with the outcome

Answer: A

Explanation:
The purpose is 'to agree a way forward'. This is a direct quote from p.61. The other answers are incorrect- conflict resolution isn't always binding and sometimes not all parties are happy with the outcome. It certainly isn't about punishing about anyone (this is a common red herring option given in the exam)

 

NEW QUESTION 38
Which of the following are a suitable course of action to take in the event of a minor breach of a contract? Select TWO

A. litigationB. progress meetingsC. collaborationD. adjudicationE. liquidated damages

Answer: B,C

Explanation:
In the event of a minor breach, CIPS says it is best to work with the defaulting party by conducting progress meetings and collaboration. This is on p. 50 of the study guide

 

NEW QUESTION 39
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. the clauses that come first in the document, take precedentB. all clauses are considered equalC. clauses in the contract take precedent over clauses in the appendicesD. the contract is not valid

Answer: B

Explanation:
Where there's no order of precedence, it is assumed that all documents have equal significance. This is a direct quote from the study guide p.15

 

NEW QUESTION 40
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