Total 122 Questions |
Updated On: Sep 14, 2024
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Question 1
Logan Gin Distillery is creating a contract for one of its new suppliers. It is a complicated item that they are ordering and if things go wrong, it would have an extremely negative impact on production, and therefore on revenue. However it is impossible to say what the cost of this would be if things were to go wrong. What type of clause should be included in the contract?
Answer: B
Question 2
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?
Answer: B
Question 3
Which of the following will you put into box 2?
Answer: B
Question 4
Which of the following would be included in a contract to assign costs and responsibilities between buyer and seller when products are delivered?
Answer: D
Question 5
Sarah is a baker and orders free-range eggs from a local supplier which she uses to make cakes. There is a contract in place which included a specification that states that the eggs must be free-range. One day the supplier delivers eggs which Sarah uses in the cakes. Later she discovered that these were not free-range. Sarah believes that the supplier has broken the contract. Is this true?
Answer: D
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Total 122 Questions |
Updated On: Sep 14, 2024
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