Free L5M3 Mock Exam – Practice Online Confidently

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Exam Code: L5M3
Exam Questions: 122
CORE Level 5 Managing Contractual Risk
Updated: 05 Jan, 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

Harry is negotiating a contract for a new IT system for his business. He is investing heavily in the system and wants the system to be able to provide the services he requires for the next 10 years. However he is aware that technology is changing quickly and would like to include a clause in the contract to ensure that the system he is purchasing is useable for the next 10 years. What should Harry include in the contract?

Options :
Answer: C

Question 3

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

Which of the following will you put into box 6?

Options :
Answer: C

Question 4

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

Options :
Answer: A,D

Question 5

Which of the following is not a form of ADR (Alternative Dispute Resolution)?

Options :
Answer: B

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