Online Access Free L5M3 Exam Questions

Molly is a wedding planner who has just set up as a sole-trader. She has a meeting with a po-tential couple to organise their wedding. The couple is extremely risk adverse and have asked Molly to email them a copy of her insurances. Which insurances should Molly send? Select TWO

• A.Public Liability Insurance
• B.Employers Liability Insurance
• C.Products Liability Insurance
• D.Professional Indemnity Insurance

Which of the following conflict resolution styles involves a strict timeline and is commonly used within the construction industry?

• A.conciliation
• B.arbitration
• C.adjudication
• D.litigation

David is selling his house and Barbera would like to buy it. David is expecting to get £100,000 for his house. Barbera offers £80,000 and David asks Barbera if she'll pay £90,000 instead. Barbera says no. After a week David hasn't had any other offers so would like to accept Bar-bera's offer. Can he do this?

• A.yes- Barbera's offer is still valid as it didn't come with a time clause attached
• B.yes- Barbera's offer is the best he will receive
• C.no- he waited too long and Barbera's offer has expired
• D.no - David's counter offer rescinded Barbera's offer

Which of the following statements about penalty clauses is not true?

• A.they are used to deter the parties from breaching the contract
• B.they are illegal
• C.they can harm the working relationship
• D.they provide damages in excess of the true cost of a breach

George is a procurement manager at a manufacturing company and is reviewing a contract he has with a supplier. He notes that there are multiple appendices to the contract and there is no Precedence of Documents. What does this mean for the contract?

• A.the contract is not valid
• B.clauses in the contract take precedent over clauses in the appendices
• C.all clauses are considered equal
• D.the clauses that come first in the document, take precedent