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L5M3 Exam Dumps : Managing Contractual Risk

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Managing Contractual Risk Questions and Answers

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Question 1

Kranky Kat Ltd has just been through an adjudication process with a supplier it worked with who committed a breach in the contract. Kranky Kat is not happy with the outcome of the adjudication, what can Kranky Kat do?

Options:

A.

move on to litigation

B.

appeal the decision

C.

nothing - the decision made by the adjudicator is binding

D.

nothing - the decision made by the adjudicator is legally enforceable

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Question 2

Which of the following will you put into box 1?

Options:

A.

compete

B.

avoid

C.

compromise

D.

collaborate

Question 3

Which of the following will you put into box 1?

Options:

A.

subcontracting

B.

reputational damage

C.

penalty clause

D.

consequential loss

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