Free CIPS L4M3 Exam Questions

A buyer is in the process of supporting colleagues internally in the drafting of a specification for a new product. They have limited personal knowledge of the product and of the market. They are at the very early stages of drafting the specification and are seeking to increase their knowledge, whilst at the same time, keeping their likely future needs a commercial secret at this stage. Which of the following would be the best method of achieving this?

A construction company often subcontracts approximately 50% of the project works because ofunpredictable customer's demand. Although larger corporate customers require quick response to RFQ, thetime lapse between tender bid submission and contract commencement is usually long. Which of thefollowing arrangement would benefit both the contractor and customer?

In a contract, both buyer and supplier agreed the lead time is 3 days. The contract also requires that anyvariation must be made in writing. Then the buyer places an order by phone call and requests delivery thenext day, but the supplier delivers on the third day since the order. Can buyer refuse to pay as supplier didnot deliver per time?

In a contract, both buyer and supplier agreed the lead time is 3 days. The contract also requires that anyvariation must be made in writing. Then the buyer places an order by phone call and requests delivery thenext day, but the supplier delivers on the third day since the order. Can buyer refuse to pay as supplier didnot deliver per time?

Danielle buys a car from Aaron. Not long after, she receives an proposal from Brian, who isinterested inbuying the car but his budget is very constraint. Then, Brian decides to sign a hire purchase agreement withDanielle which lasts 4 years. Brian lives very far from Danielle, so hehires Charlie to deliver the car to hisplace. During the transport, Charlie has an accident and the car is written off. At the time of accident, who hasthe title of the car?