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Which of the following will you put into box 7?A . Condition B. Warranty C. Innominate TermView AnswerAnswer: A Explanation: The correct answers are as follows: Table Description automatically generated This is a condition. Again the food being organic would be fundamental to the contract as the health of the...

Which of the following would not be considered a contract? Select TWOA . A written agreement between two robbers to rob a bank which states that the money gained would be split evenly between the two. B. a domestic agreement between two parents about who will pick the kids up...

A breach which is so severe that it goes to the root of the contract is known as what?A . fundamental breach B. condition breach C. major breach D. essence breachView AnswerAnswer: A Explanation: This is a Fundamental Breach. Fundamental Breach and Major Breach are very similar-they're both really bad...

Kranky Kat Ltd has just been through an adjudication process with a supplier it worked with who committed a breach in the contract. Kranky Kat is not happy with the outcome of the adjudication, what can Kranky Kat do?A . move on to litigation B. appeal the decision C. nothing...

A warranty is a minor term of a contract. Is this TRUE?A . yes- it does not affect the prime benefit B. yes- it affects the prime benefit of the contract C. no- a warranty is a fundamental term in a contract D. no- a warranty is a type of...

Dianne has a loan agreement which contains a clause for default. What does a clause for default imply?A . this allows the lender to demand overdue payments are made straight away B. this allows a lender to demand payment from a guarantor if the borrower is unable to pay C....

Which of the following will you put into box 3?A . Payment Term B. Time is of the Essence C. Subcontracting D. SpecificationView AnswerAnswer: D Explanation: The correct answers are as follows: Table Description automatically generated Specifying the food needs to be organic is a 'specification'

Which of the following conflict resolution styles may involve a private caucus and a joint ses-sion?A . mediation B. adjudication C. negotiation D. litigationView AnswerAnswer: A Explanation: This is Mediation. The private caucus is when each of the parties meets in private with the media-tor, this is usually after a...

Which of the following is not a form of ADR (Alternative Dispute Resolution)?A . mediation B. negotiation C. arbitration D. conciliationView AnswerAnswer: B Explanation: Negotiation isn't an alternative dispute resolution because it's supposed to be the 'default' dispute resolution- the one you automatically do when a problem occurs. Only if...

Which TWO conflict resolution methods provide certainty of resolution?A . adjudication and mediation B. mediation and litigation C. arbitration and conciliation D. adjudication and litigationView AnswerAnswer: D Explanation: Adjudication and Litigation (and Arbitration too) all provide certainty of a resolution. The other methods don’t. There's a really useful table with...