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Robert has a contract with Farmer Ted who provides his manufacturing firm with potatoes. There is a contract in place, signed by both parties that Ted will deliver 2 tonnes of potatoes per week. Due to changes in demand, Robert would like Ted to start providing 3 tonnes of potatoes...

Which of the following will you put into box 4?A . Payment Term B. Time is of the Essence C. Subcontracting D. SpecificationView AnswerAnswer: B Explanation: The correct answers are as follows: Table Description automatically generated Getting help from another supplier to fulfil the order is subcontracting.

Which of the following will you put into box 1?A . compete B. avoid C. compromise D. collaborateView AnswerAnswer: C Explanation: The correct answers are as follows: The answer is compromise as they're seeking a solution that will satisy everyone.

Which of the following conflict resolution styles involves a strict timeline and is commonly used within the construction industry?A . conciliation B. adjudication C. arbitration D. litigationView AnswerAnswer: B Explanation: Adjudication has strict timescales (this is one of the advantages of using this conflict resolution method). It has roots in...

A contract term which is difficult to classify at the time of drafting a contract is known as?A . condition B. warranty C. consideration D. innominateView AnswerAnswer: D Explanation: Innominate - the conflict resolution process would determine if the clause is a condition or a war-ranty. Before there's a breach...

Penguin Ltd has a contract with Blue Company. Blue Company has just broken a warranty in the contract. What remedies does Penguin Ltd have available?A . they can sue and claim damages B. they can claim damages and terminate the contract C. they can terminate the contract but cannot claim...

Sally is shopping and sees an advert in a travel agent's window that says that flights to Malta are 50% off. She enters the shop and begins to speak to a travel agent who informs her that the poster she'd seen is out of date. Is the travel agent obliged...

Mark is a consultant who works with building managers and advises them on how to make their buildings safer. What type of insurance should Mark have?A . Public Liability B. Product Liability C. Professional Indemnity D. Property InsuranceView AnswerAnswer: C Explanation: Mark needs professional indemnity insurance. Types of insurance is...

Jenny has received a written offer from a supplier. She emails them to clarify if they can do next day delivery. The supplier does not reply. The next day Jenny makes the payment. Has a contract been formed?A . yes- the supplier made an offer and Jenny accepted it by...

Which of the following would be included in a contract to assign costs and responsibilities be-tween buyer and seller when products are delivered?A . Indemnity B. Liquidated Damages C. Liability D. IncotermsView AnswerAnswer: D Explanation: Incoterms assign costs and responsibilities about when products are delivered. See p. 37 for a...