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Download Managing Contractual Risk Exam Dumps
NEW QUESTION 32
Restitution damages are often calculated before contracts are signed and are clearly stated within a contract. Which of the following statements is not true?
Answer: D
Explanation:
"restitution damages cannot be mitigated by the actions of the innocent party" is the untrue state-ment out of these four. The general principle of Restitution Damages is that the innocent party is expected to be proactive in mitigating the consequences of any breach and should not allow costs to spiral out of control. See p. 124
NEW QUESTION 33
Which of the following will you put into box 7?
Answer: A
Explanation:
The correct answers are as follows:
This is a condition. Again the food being organic would be fundamental to the contract as the health of the llamas depend on it.
NEW QUESTION 34
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?
Answer: D
Explanation:
The Battle of The forms is won by the party who sends the last form. This is referred to in the study guide as 'the last shot wins'
NEW QUESTION 35
Which of the following will you put into box 1?
Answer: B
Explanation:
The correct answers are as follows:
This is 'Time is of the Essence' - failure to deliver the food on time will have consequences.
NEW QUESTION 36
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