2025 AUTHORITATIVE STUDY L4M3 CENTER | 100% FREE TEST L4M3 RESULT

2025 Authoritative Study L4M3 Center | 100% Free Test L4M3 Result

2025 Authoritative Study L4M3 Center | 100% Free Test L4M3 Result

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More and more people look forward to getting the L4M3 certification by taking an exam. However, the exam is very difficult for a lot of people. Especially if you do not choose the correct study materials and find a suitable way, it will be more difficult for you to pass the exam and get the CIPS related certification. If you want to get the related certification in an efficient method, please choose the L4M3 learning dumps from our company. We can guarantee that the study materials from our company will help you pass the exam and get the certification in a relaxed and efficient method.

CIPS L4M3 Exam also covers contract termination, which is an essential part of the contract lifecycle. Procurement professionals will learn about the different ways in which a contract can be terminated, including by mutual agreement, breach of contract, and force majeure. They will also learn about the steps that need to be taken to ensure a smooth and orderly termination of the contract.

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CIPS Commercial Contracting Sample Questions (Q127-Q132):

NEW QUESTION # 127
Which of the following standards gives guidance on the layout and preparation of specifications?

  • A. BS EN 60601-1-11:2015
  • B. BS 5975:2019
  • C. BS 7373-1:2001
  • D. BS 5864:2019

Answer: C

Explanation:
BS 7373-1:2001 Product specifications. Guide to preparation gives guidance on layout, preparation and management. The subject has been treated in a generic way and guidance can be used in the preparation of all types.
BS 5864:2019 is the standard for installation and maintenance of gas-fired ducted air heaters of rated heat input not exceeding 70 kW net (2nd and 3rd family gases). Specification BS 5975:2019 is the standard for code of practice for temporary works procedures and the permissible stress design of falsework.
BS EN 60601-1-11:2015 is the standard for medical electrical equipment. General requirements for basic safety and essential performance. Collateral Standard: Requirements for medical electrical equipment and medical electrical systems used in the home healthcare environment.
Reference:
- BSI website
- CIPS study guide page 90-92
LO 2, AC 2.1


NEW QUESTION # 128
Which of the following statements is FALSE on contracts for the leasing of assets?

  • A. In lease agreement, the possession and right of use of an asset are transferred to the lessee
  • B. The party responsible for maintenance, insurance and taxes is subject to negotiation
  • C. The lessee may bear some risks of ownership, such as the liability to insure the asset
  • D. The ownership of leased asset is transferred to the lessee at the end of the period

Answer: D

Explanation:
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Some characteristics of Leases are:
- The right to use the lessor's asset is granted in exchange for a fee called the lease payment.
- The lease payments are usually paid in installments.
- Leases may be long- or short-term.
- At its inception a lease agreement constitutes a mutually unperformed contract Though the ownership of the asset is not transferred to the lessee, some responsibilities and risks do. The lessor and lessee may negotiate on who is responsible on maintenance, insurance, etc.
Reference:
LO 1, AC 1.3


NEW QUESTION # 129
Which of the following are most likely to be substantive elements of the specification of a truck? Select TWO that apply:

  • A. Guarantee
  • B. Abbreviation
  • C. Foreword
  • D. Expected lifespan
  • E. Ethics

Answer: A,D

Explanation:
The key substantive elements to be included in a specification are:
- Characteristics of the product or service
- Time scale for delivery
- Response times for defects
- KPIs relating to performance and reliability
- Lifespan and durability expectations
- Documentary requirement for training/user manual and/or management information
- Any specific requirements regarding implementation
Reference:
LO 2, AC 2.1


NEW QUESTION # 130
MWB operates serviced offices in central London. Rock entered a contractual licence with MWB to occupy office space in Marble Arch and had accumulated licence fees in arrears. The original licence agreement contained a 'No Oral Modification' clause that said: 'All variations to this licence must be agreed, set out in writing and signed on behalf of both parties before they take effect'.
After 6 months, Rock director re-negotiated to extend payment period over phone call and MWB credit controller agreed his proposal. Is this agreement considered as an effective variation to the original licence agreement?

  • A. No, because Rock director assumed that the variation was effective and convinced credit controller to believe it
  • B. Modification' clause, must have intended to dispense with the clause
  • C. Yes, because the credit controller had agreed with Rock director's proposal
  • D. No, because the mechanism for variation has been set out in the original contract
  • E. Yes, because parties who agree to altering the original contract orally despite a 'No Oral.

Answer: D

Explanation:
The license can be amended during its lifespan. However, in this case, it already has a clauseallowing for mechanism of variation which sets out who can authorise changes and prohibits any oral variation. Therefore, the agreement between Rock's director and MWB credit controller is not an effective variation to the license.
Reference: CIPS study guide page 26-27
LO 1, AC 1.1


NEW QUESTION # 131
Which of the following is a disadvantage of using input specifications?

  • A. There is less opportunity for innovation
  • B. It requires a more proactive approach to monitoring
  • C. It is difficult to assess suitability of each quotation
  • D. There is no limit to the number of suppliers who can quote

Answer: A

Explanation:
Input specifications detail exactly how a supplier must provide the service or make the product. While this ensures compliance, it limits the supplier's ability to innovate or offer alternative, potentially more efficient solutions. Performance specifications, in contrast, focus on outputs and encourage innovation.
Reference:CIPS L4M3 Commercial Contracting Study Guide, Chapter 2, Section 2.1.3 - Types of specification including input and output-based.


NEW QUESTION # 132
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