CIPS Exam L3M3 Topic 1 Question 5 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 5
Topic #: 1

[All L3M3 Questions]

Where the supplier guarantees to make good any losses suffered by the buyer as a result of product defects, for example

AInsurance

BIndebtedness

CIndemnity

DDouble indemnity

Show Suggested Answer

Suggested Answer: C

Indemnity.

As in 'an indemnity clause'.

'The supplier hereby indemnifies the buyer against / in the event of...'

by Rolland at Mar 20, 2024, 02:13 PM

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Ammie

8 months ago

Insurance could work too, but indemnity seems more specific to the question.

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Tonja

8 months ago

I'm not sure, but I think it could also be A) Insurance.

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Shelia

9 months ago

I agree with Ammie, indemnity makes sense in this context.

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Ammie

9 months ago

I think the answer is C) Indemnity.

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Veda

9 months ago

I believe it's C) Indemnity as well. It just fits the description perfectly.

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Dorathy

10 months ago

I don't think it's Double indemnity, it seems too extreme.

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Delisa

10 months ago

I'm not sure, but I think it could also be D) Double indemnity.

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Marguerita

10 months ago

I agree with Dorathy, Indemnity makes the most sense.

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Dorathy

10 months ago

I think the answer is C) Indemnity.

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