CIPS Exam L5M3 Topic 1 Question 11 Discussion

Actual exam question for CIPS's L5M3 exam

Question #: 11
Topic #: 1

[All L5M3 Questions]

What is a boilerplate clause?

Athe clause that will take precedent if there are conflicting pieces of information within a contract

Ba type of warranty

Ca clause that allows the contract to be modified if both parties are in agreement

Da set of clauses that are commercially standard and expected in all contracts

Show Suggested Answer

Suggested Answer: B

The correct answers are as follows:

This is a fundamental breach. The key here is the scenario says 'huge issue'. Out of the four scenarios this one is the most important / serious and therefore will be the fundamental breach.

by Lavera at Jul 04, 2023, 04:32 PM

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Giuseppe

1 days ago

I'm not sure, but I think it might be A, the clause that takes precedent in conflicts.

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Owen

3 days ago

I agree with Linwood, D makes sense because boilerplate clauses are standard.

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Linwood

4 days ago

I think a boilerplate clause is D, a set of standard clauses.

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