Free L5M3 Mock Exam – Practice Online Confidently

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Exam Code: L5M3
Exam Questions: 122
CORE Level 5 Managing Contractual Risk
Updated: 15 Jul, 2026
Question 1

Sarah is a baker and orders free-range eggs from a local supplier which she uses to make cakes. There is a contract in place which included a specification that states that the eggs must be free-range. One day the supplier delivers eggs which Sarah uses in the cakes. Later she discovered that these were not free-range. Sarah believes that the supplier has broken the contract. Is this true?

Options :
Answer: D

Question 2

2021-04-01-10-29-32-60d4982a051344803c8102c9c6f0c318

Which of the following will you put into box 6?

Options :
Answer: C

Question 3

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

Options :
Answer: B,C

Question 4

2021-03-31-15-36-11-0cfaf8452dd7dd756d2fb60fe4b41708

Which of the following will you put into box 2?

Options :
Answer: B

Question 5

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?

Options :
Answer: B

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