Free L4M3 Mock Exam – Practice Online Confidently

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Exam Code: L4M3
Exam Questions: 289
Commercial Contracting
Updated: 21 Feb, 2026
Question 1

Sally places a purchase order to the supplier for some components that her company requires. The supplier delivers the goods as she asks, but the quality assurance team finds that these components are defective and unfit for the company's operations. Which document is the ground to decide whether the goods received are fit for purpose?

Options :
Answer: C

Question 2

According to mailbox rule in some common law countries, at which point the offeree's acceptance will be effective?

Options :
Answer: C

Question 3

A purchase order can become a contract between supplier and purchaser if it is...?

Options :
Answer: C

Question 4

You are to do the KPIs and targets for international supplier and the following was done
1. Delivery in an hour
2. Return orders in an hour
Is that a good thing or not?

Options :
Answer: B

Question 5

Sharaton Foods Holding is looking for a vegetable harvesting and packaging system. They use the performance specification in the tendering process. What are the benefits of using this type of specification?
1. Provide opportunities for innovation
2. Potentially limit the competition among the suppliers
3. Require less effort to produce a specification
4. Allow the end user to provide details on technical aspects

Options :
Answer: B

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