CIPS Exam L5M3 Topic 2 Question 33 Discussion

Actual exam question for CIPS's L5M3 exam

Question #: 33
Topic #: 2

[All L5M3 Questions]

A warranty is a minor term of a contract. Is this TRUE?

Ayes- it does not affect the prime benefit

Byes- it affects the prime benefit of the contract

Cno- a warranty is a fundamental term in a contract

Dno- a warranty is a type of innominate term

Show Suggested Answer

Suggested Answer: D

'restitution damages cannot be mitigated by the actions of the innocent party' is the untrue state-ment out of these four. The general principle of Restitution Damages is that the innocent party is expected to be proactive in mitigating the consequences of any breach and should not allow costs to spiral out of control. See p. 124

by Cletus at Jul 14, 2024, 12:02 PM

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Delisa

5 days ago

A) yes- it does not affect the prime benefit

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