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[General] L4M3 Valid Real Test, Online L4M3 Lab Simulation

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【General】 L4M3 Valid Real Test, Online L4M3 Lab Simulation

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CIPS L4M3 (CIPS Commercial Contracting) certification exam is an excellent way for procurement professionals to demonstrate their expertise in commercial contracting. It is a globally recognized certification that can help individuals advance their careers and demonstrate their value to their employers.
The CIPS L4M3 exam covers a broad range of topics related to commercial contracting, including contract formation and negotiation, contract management, contract performance monitoring, and dispute resolution. It also includes questions related to legal and regulatory compliance, ethics, and risk management. L4M3 Exam is designed to test both theoretical knowledge and practical application of commercial contracting concepts, and requires candidates to demonstrate their ability to analyze and solve complex contracting problems.
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CIPS Commercial Contracting Sample Questions (Q167-Q172):NEW QUESTION # 167
Company A based in Canada signed a commercial contract with Company B in Egypt. Both countries are Contracting States to Vienna Convention on Contracts for the International Sale of Goods. The contract states that "The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of Canada". Which of the following set of rules will be applied if dispute between contracting parties occurs?
  • A. Egypt's legal system
  • B. WTO rules
  • C. CISG
  • D. Canada's legal system
Answer: D
Explanation:
Where the sale of goods is between two businesses in different Contracting States, then it is international and the CISG rules of law automatically apply unless they have been excluded. A contract clause stating that the contract is subject to the legal systems and courts of a particular country overrides or excludes the CISG rules, since the local rules of that country would apply instead.
So the answer should be Canada's legal system.
Reference:
LO 1, AC 1.2

NEW QUESTION # 168
If service level agreement is used as a schedule that makes up the contract, it will be most likely to be a part of...?
  • A. Specifications
  • B. Performance management framework
  • C. Pricing arrangement
  • D. Exclusion of liabilities
Answer: B
Explanation:
If a service level agreement is used as a schedule to a contract, it will generally have the following contents:
- Service definitions. If the service information is provided by the specification, SLA should only refer to the specification to avoid any inconsistencies.
- Details on how to measure KPIs, who will measure KPIs
- Minimum requirements or targets
- Remedies if the minimum requirements are not met
...
Since SLA often lists out the KPI targets, consequences for not meeting the KPI targets and remedies to situation of poor performance, it is a part of performance management.
Reference:
LO 2, AC 2.2

NEW QUESTION # 169
Maximum Score 1
Buyer O has placed an order for the supply and installation of six new servers for a total amount of £600,000 from Supplier A. Which of the following could potentially be treated as examples of a liquidated damages clause within the contract for the supply of the servers?
* If the supplier delivers any of the servers late, £1,000 per server will be deducted from the order per day
* This contract is subject to delay remedies of £X - the amount to be agreed by both parties during delivery
* The sum for breach of the completion date for the order is £40,000 per day up to a maximum of 50% of the contract price
* If the performance of any of the servers degrades within five years, a full refund of £600,000 will be provided
  • A. 3 and 4 only
  • B. 2 and 4 only
  • C. 1 and 2 only
  • D. 1 and 3 only
Answer: D
Explanation:
Liquidated damages are pre-agreed fixed sums payable for specific breaches, such as late delivery.
Clauses 1 and 3 meet this definition.
Clause 2 is uncertain ("to be agreed") and unenforceable; clause 4 is a warranty, not LDs.
Reference: CIPS L4M3 Commercial Contracting - "Remedies for breach - liquidated damages."

NEW QUESTION # 170
Maximum Score 1
A purchase order has been raised for £5,000. It allows the user department to order items of a £50 value when they need them. This is an example of what type of order?
  • A. Call-off
  • B. Shut-off
  • C. Straight-off
  • D. Stand-off
Answer: A
Explanation:
A call-off order is raised against an existing agreement or blanket order that sets an overall value limit (£5,000 in this case). Users can "call off" small quantities or values (£50 each time) when required.
Reference: CIPS L4M3 Commercial Contracting - "Framework agreements and call-off contracts."

NEW QUESTION # 171
Which of the following are good examples of a Key Performance Indicator?
The total number of services provided
Reduction rate in goods or services
Complaints resolved within two days
Delivery of goods on time and in full
  • A. 2 and 4 only
  • B. 1 and 2 only
  • C. 2 and 3 only
  • D. 3 and 4 only
Answer: D
Explanation:
Effective KPIs should be measurable, relevant, and tied to performance. "Complaints resolved within two days" and "Delivery of goods on time and in full" are standard KPIs as they reflect quality and timeliness of service-both key to contract success. The "total number of services" and general reductions do not directly reflect performance outcomes.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 4, Section 4.3.1 - Key performance indicators and their application.

NEW QUESTION # 172
......
The CIPS L4M3 certification examination is an essential component of professional development, and passing this CIPS L4M3 test can increase career options and a rise in salary. Nonetheless, getting ready for the CIPS Commercial Contracting (L4M3) exam may be difficult, and many working professionals have trouble locating the CIPS L4M3 practice questions they need to succeed in this endeavor.
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