CIPS Exam A8 Topic 1 Question 53 Discussion

Actual exam question for CIPS's A8 exam

Question #: 53
Topic #: 1

[All A8 Questions]

Which of the following best describes damages as awarded by a court of law?

AA sum of money awarded to the injured party that gives them extra profit to compensate for the time lost during the dispute

BAn order by the court that the defendant should pay back to the injured party any money that they might already have paid

CAn order by the court that the defendant must complete the contract free of charge

DA sum of money awarded by the court to compensate the injured party by putting them in the financial position they were in before any dispute arose.

Show Suggested Answer

Suggested Answer: B

by Tyra at Mar 06, 2024, 06:51 AM

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Gayla

10 months ago

I think it's important for the legal system to be that of the supplier's country, as they are the ones providing the goods or services. So, I would choose option B.

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Hailey

10 months ago

I agree with the idea of using the legal system of the country with which the contract performance is closely associated. Option D makes sense to me.

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Nelida

10 months ago

I believe that in international contracts, it's best to have a neutral legal system, so I would go with option C.

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Beata

10 months ago

I feel like the legal system should be of the buyer's country, as they are the ones making the purchase. So, I would choose option A.

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Glendora

10 months ago

I think the general principle is that the legal system will be of the country where the contract performance is closely associated. So, I would choose option D.

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