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CIMA Exam CIMAPRA17-BA4-1 Topic 2 Question 103 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 103
Topic #: 2
[All CIMAPRA17-BA4-1 Questions]

In relation to conditions and warranties, which of the following statements is correct?

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Suggested Answer: B

by Gracie at Nov 16, 2024, 10:00 AM

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Tasia
3 months ago
I bet the person who wrote this question was a lawyer who got a little too fancy with their wording. I'm sticking with C, the classic answer.
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Hector
2 months ago
Yeah, I agree. It's always good to go with the classic choice.
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Lashaunda
3 months ago
I think C is the right answer too. It just makes sense.
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Sylvia
3 months ago
B? What is this, a contract writing contest? Conditions don't have to be explicitly stated to be valid. I'm going with C on this one.
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Erasmo
3 months ago
Yes, that's true. So, D would be the correct statement in that case.
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Denise
3 months ago
But doesn't a breach of a warranty allow the party not in breach to cancel the contract?
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Mary
3 months ago
I disagree, I believe C is the correct statement. A warranty can be implied based on trade custom.
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Lashawnda
3 months ago
I think B is correct. Conditions must be clearly stated in the contract.
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Merri
4 months ago
A, really? That's like saying you can only get damages for a broken leg, but not for a broken heart. I'm going with C.
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Lashawna
3 months ago
I'm not sure about C, but I think D is correct. Breach of warranty can entitle the party not in breach to cancel the contract.
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Bettye
3 months ago
I see your point, but I still think C is the correct answer. A warranty can be implied based on trade custom.
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Sherita
3 months ago
I disagree, I believe B is the correct statement. Conditions must be expressed in the contract to be effective.
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Jamey
3 months ago
I think A is correct. Damages are only for breach of condition.
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Oliva
4 months ago
Actually, I think Alonzo is right. A condition must be expressed in the contract to be effective.
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Alonzo
4 months ago
I disagree, I believe the correct statement is B) To be effective a condition must be expressed in the contract.
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Novella
4 months ago
D is the way to go, my friend. Breach of warranty means you can cancel that contract faster than a cheetah on coffee.
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Lucina
3 months ago
True, a warranty may be implied into a contract based on trade custom.
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Yuette
3 months ago
But don't forget, a breach of a condition entitles the party not in breach to claim damages only.
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Barney
3 months ago
I agree, breach of warranty gives you the right to cancel the contract.
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Oliva
4 months ago
I think the correct statement is A) A breach of a condition entitles the party not in breach to claim damages only.
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Francesco
4 months ago
Hmm, I think C is the correct answer. Implied warranties are a thing, you know? Gotta love those trade customs!
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Aleta
4 months ago
I'm not sure, but I think A is the correct answer. Breach of a condition entitles the party not in breach to claim damages only.
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Macy
4 months ago
I agree with you, C is the correct answer. Implied warranties based on trade customs are valid.
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Margart
4 months ago
I believe D is the correct answer. Breach of warranty allows the party not in breach to cancel the contract.
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Amber
4 months ago
I think B is the correct answer. Conditions must be clearly stated in the contract.
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