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L3M3 dumps questions answers

CIPS L3M3 Dumps

Exam Code:
L3M3
Exam Name:
Contract Administration
Last Update: Nov 5, 2024
90 Questions with Explanation
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Contract Administration Practice Questions

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Contract Administration Questions and Answers

Questions 1

What do we call a contract term which is part of the contract, but which is not written into the con-tract documents?

Options:

A.

Implied

B.

Express

C.

Hidden

D.

Vague

Questions 2

Which one of the following is a trading bloc?

Options:

A.

EFTA

B.

EFTAT

C.

EFTPOS

D.

EFT

Questions 3

Which one of the following could not be classed as a form of performance specification?

Options:

A.

Functional

B.

Outcome-focused

C.

Output-based

D.

Input-driven