CIPS Exam L3M3 Topic 3 Question 17 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 17
Topic #: 3

[All L3M3 Questions]

A contract clause indicating damages to be recovered in the event of under-performance, with the proposed damages being a genuine pre-estimate of loss, is called a:

APunitive damages clause

BLiquidated damages clause

CPenalty clause

DUnliquidated damages clause

Show Suggested Answer

Suggested Answer: A

In English law, implied terms exist, even if you can't see them in the contract documents. They commonly derive from statute. An example is the Sale of Goods Act.

by Chana at Aug 05, 2024, 07:56 AM

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Nidia

4 days ago

I think the answer is B) Liquidated damages clause.

upvoted 0 times

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