CIPS Exam A8 Topic 1 Question 60 Discussion

Actual exam question for CIPS's A8 exam

Question #: 60
Topic #: 1

[All A8 Questions]

Which of the following best describes the nature of 'damages' (in the legal sense)?

AA supplier being forced by the buyer to pay for the replacement of goods that are found, upon receipt, to be damaged

BThe supplier being forced by the court to reimburse the buyer for costs incurred due to unsatisfactory performance of a contract by the supplier

CThe buyer invoking a contract clause that enables them to buy the goods from another supplier in the event of late delivery by the original supplier

DA supplier being forced by a court to perform a contract in the manner and time stipulated by the buyer in the original purchase order.

Show Suggested Answer

Suggested Answer: C

by Lyla at May 31, 2024, 02:18 AM

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Matthew

12 months ago

Ha, D is just silly. Why on earth would you let the supplier choose the currency? That's a recipe for disaster!

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Kiley

11 months ago

Ha, D is just silly. Why on earth would you let the supplier choose the currency? That's a recipe for disaster!

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Hyman

12 months ago

A) A series of payments made at prescribed stages during the contract, usually linked to work satisfactorily completed

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Orville

1 years ago

Hmm, I was thinking B might be the right answer, with that payment withheld at the end. But A makes more sense - can't have the supplier waiting until the very end for their money!

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Rochell

11 months ago

I agree, A seems like the most practical option for progress payments.

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Jin

11 months ago

Yeah, that makes sense. Can't keep the supplier waiting until the end.

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Gretchen

12 months ago

I think A is the best answer, payments made at different stages of the contract.

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Mozell

1 years ago

I agree with Belen, progress payments are made at different stages of the contract.

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Carline

1 years ago

I agree, A is the correct answer here. Progress payments help keep the cash flow going during a long-term contract, rather than waiting until the very end.

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Katie

1 years ago

Option A definitely seems to be the best description of progress payments. It's all about those periodic payments linked to the progress of the work, not just a single lump sum at the end.

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