CIPS Exam L5M3 Topic 1 Question 45 Discussion

Actual exam question for CIPS's L5M3 exam

Question #: 45
Topic #: 1

[All L5M3 Questions]

Franky B's is a popular restaurant chain which is seeking a resolution to a conflict it has with its supplier of Fried Chicken. It is looking for a dispute resolution that does not involve the court but in which an expert third party will make a binding decision. Which is the most suitable dispute resolution method for Franky B's?

Alitigation

Badjudication

Cconciliation

Dmediation

Show Suggested Answer

Suggested Answer: C

The correct answer is: 'damages attempt to position the innocent party in the position that they would have been had the contract been performed as expected'. This is a quote from p. 121 Option1 is incorrect as unliquidated damages aren't stated in a contract. Option 2 is incorrect because liquidated damages are an assessment of damages before a breach. Option 4 is incorrect because not all breaches are caused by errors (they can be caused by negligence or the offending party withholding something).

by Desiree at Jan 15, 2025, 01:29 AM

Limited Time Offer

25%

Off

Get Premium L5M3 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Pamela

3 days ago

I think conciliation would be the best option for Franky B's.

upvoted 0 times

...