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L4M3 Exam Dumps : Commercial Contracting

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Commercial Contracting Questions and Answers

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Question 1

Maximum Score 1

Which of the following would you expect to see in an Invitation to Tender (ITT)?

Options:

A.

Best and Final Offer (BAFO)

B.

Supplier rates

C.

Liquidity ratios

D.

Delivery milestones

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Question 2

The nature of the "Battle of the forms" is when both buyer and supplier are attempting to ...

Options:

A.

secure their own terms and conditions

B.

create a collaborative relationship

C.

create a performance specification

D.

form a joint contract

Question 3

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

Options:

A.

Guarantee

B.

Foreword

C.

Expected lifespan

D.

Ethics

E.

Abbreviation

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