CIPS Exam L3M3 Topic 1 Question 14 Discussion

Actual exam question for CIPS's L3M3 exam

Question #: 14
Topic #: 1

[All L3M3 Questions]

'Agreement' is composed of:

AOffer and consideration

BOffer and acceptance

CCapacity and consideration

DCorrect form and acceptance

Show Suggested Answer

Suggested Answer: B

Equilibrium price.

The closing price is the price at the end of the day when the market closes.

The other 'prices' shown are nonsense.

by Xuan at Jul 03, 2024, 09:12 AM

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Franchesca

29 days ago

Offer and acceptance, got it. Although I'm more of a 'pinky promise' kind of person when it comes to sealing the deal.

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Miriam

1 months ago

Wait, I thought agreements were made with handshakes and a good firm grip. This multiple-choice stuff is making my head spin!

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Rosendo

1 months ago

D) Correct form and acceptance sounds a bit too formal to me. I'm going with B) Offer and acceptance.

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Buffy

6 days ago

I'm not sure about C) Capacity and consideration, can you explain?

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Margurite

10 days ago

I think A) Offer and consideration is also important in an agreement.

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Ciara

17 days ago

I agree, B) Offer and acceptance seems like the right choice.

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1 months ago

I think the correct answer is B as well. Offer and acceptance are the key components that make up an agreement.

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Ivette

8 days ago

That's right, offer and acceptance are the basic elements of forming a contract.

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Helene

18 days ago

Yes, without offer and acceptance, there can't be a valid agreement.

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Lottie

24 days ago

I agree, offer and acceptance are essential for an agreement.

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3 months ago

I think the answer is B) Offer and acceptance.

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