Question 1

Which of the following processes is the most adversarial?

Options :

A : mediation

B : litigation

C : adjudication

D : negotiation

Answer: B

Question 2

Which of the following would be included in a contract to assign costs and responsibilities between buyer and seller when products are delivered?

Options :

A : Indemnity

B : Liquidated Damages

C : Liability

D : Incoterms

Answer: D

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 :

A : litigation

B : progress meetings

C : collaboration

D : adjudication

E : liquidated damages

Answer: B,C

Question 4

2021-04-01-09-13-17-26ac4e281adef4bae85e39b38d532e9c

Which of the following will you put into box 4?

Options :

A :

Payment Term

B : Time is of the Essence

C : Subcontracting

D : Specification

Answer: C

Question 5

Which of the following would constitute an offer? Select TWO:

Options :

A : a display in a shop window

B : an advert on a website

C : an auction

D : a bid on an auction

E : a price proposal that is valid for 14 days

Answer: A,D

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