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L3M3 Exam Dumps : Contract Administration

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Contract Administration Questions and Answers

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Question 1

If your organisation takes out insurance cover to address various risks, which one of the following risk management strategies is it adopting?

Options:

A.

Treat

B.

Terminate

C.

Tolerate

D.

Transfer

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Question 2

In legal circles, ownership of something is often called:

Options:

A.

Tithe

B.

Tittle-tattle

C.

Title

D.

Total

Question 3

Contracts published by third party experts such as trade associations or professional bodies, widely regarded as favouring neither buyer nor seller, are called:

Options:

A.

Uni form

B.

Model form

C.

Paper form

D.

Trans form

E.

Good form

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