L4M3 Revision Quiz

Cost plus contracts place all the price risk with the supplier.

Acceptance must always be communicated in writing.

What are the consequences of qualified acceptance?

A series of commercial terms published by the International Chamber of Commerce, allocating risk and cost is...

What in legal terms is described as the exchange of something of value?

The company's policy for low threshold work is £50k. The requirement is valued at £120K. Which is most appropriate?

An offer is available to accept until...

Pharmaceutical Society of Great Britain v Boots Cash Chemists is a case relating to:

A functional specification is often referred to as a:

The Sales of Goods Act is what type of term in contracts?

Which of the following are terms created for a specific contract?

In the Battle of the Forms which document is usually a counter offer?

In Chappel v Nestle, what was regarded as valid consideration, despite being inadequate?

If actual losses are greater than the losses pre-estimated in an LD clause then

Contract terms developed by the buyer are most likely to...?

Which vitiating factor is described as making false statements to induce agreement?

Which of the following are invitations to treat?

Which of the following is NOT an invitation to treat?

In legal terms, liability means being responsible for something.

Capacity to enter into a legal agreement is impacted by which of the following?

The buyer conducted an RFI process and asked about pricing. Can this be used as the price for the order?

Which of the following is NOT key when designing a specification?

When managing the poor performance of a service provider, what should the buyer consider?

A supplier requested clarifications during the ITT, as the specification wasn't clear. This could lead to....

When designing a specification the KPIs can be set by .....

The person receiving the offer is known as?

Which of the following is NOT a key section of the contract terms in the contract document?

Express terms are those which have:

The Vienna Convention is the international equivalent of the Sale of Goods Act.

A court will not protect you from knowingly entering into a bad deal. This is the principal of...

When designing the scope, unambiguity is defined by...

Which of the following is NOT something included in an SLA?

Which contract terms have been inserted into the contract by the courts or Parliament?

An organisation agrees a procurement arrangement with a supplier ‘subject to contract’. This means that:

A total agreement clause in the contract will invalidate anything not actually laid down in the contract documents.

Which cases relate to the Battle of the Forms?

Which of the following is NOT a risk of the ITT process

When considering the contractual process, there are differences between using quotation or a tender.

Is the following KPI qualitative or quantitative? "No. of innovations proposed or implemented"

Which of the following is more of a long term agreement?

The location where the service is to be executed is covered where in the contract?