CIPS Exam L5M3 Topic 2 Question 33 Discussion

Actual exam question for CIPS's L5M3 exam

Question #: 33
Topic #: 2

[All L5M3 Questions]

A warranty is a minor term of a contract. Is this TRUE?

Ayes- it does not affect the prime benefit

Byes- it affects the prime benefit of the contract

Cno- a warranty is a fundamental term in a contract

Dno- a warranty is a type of innominate term

Show Suggested Answer

Suggested Answer: D

'restitution damages cannot be mitigated by the actions of the innocent party' is the untrue state-ment out of these four. The general principle of Restitution Damages is that the innocent party is expected to be proactive in mitigating the consequences of any breach and should not allow costs to spiral out of control. See p. 124

by Cletus at Jul 14, 2024, 12:02 PM

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Daniel

1 months ago

A warranty a minor term? That's like saying my last exam was a 'minor' disaster. Option C all the way, folks!

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Lizbeth

3 days ago

I think you're right, option C is the way to go.

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Shawna

19 days ago

I agree, a warranty is definitely a fundamental term in a contract.

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Victor

1 months ago

A warranty a minor term? Yeah, right, and my dog can do calculus. Option C is the way to go, no doubt.

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Alica

5 days ago

User 3: Agreed, a warranty is a fundamental term in a contract.

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Anjelica

18 days ago

User 2: Option C is the way to go, no doubt.

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Moira

24 days ago

User 1: A warranty a minor term? Yeah, right, and my dog can do calculus.

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Moon

2 months ago

Hold up, wasn't there something about innominate terms in one of the options? I'm gonna have to think about this one a bit more.

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Charlie

18 days ago

C) no- a warranty is a fundamental term in a contract

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Lindsey

1 months ago

B) yes- it affects the prime benefit of the contract

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Allene

1 months ago

A) yes- it does not affect the prime benefit

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Elenore

2 months ago

Hmm, I thought warranties were all about the prime benefit of the contract. Option B seems right, doesn't it?

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Wade

1 months ago

I agree, warranties are definitely related to the prime benefit. Option B is the right choice.

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Kenneth

1 months ago

Yes, option B is correct. Warranties do affect the prime benefit of the contract.

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Lavonda

2 months ago

I'm pretty sure a warranty is a fundamental term in a contract, not a minor one. Option C looks like the correct answer to me.

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Theron

18 days ago

Exactly, option C is the most accurate choice.

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Louann

21 days ago

So, the correct answer would be option C then, right?

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Alva

23 days ago

Yeah, I agree. It's not just a minor detail, it's pretty important.

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Isabelle

1 months ago

I think you're right, a warranty is definitely a fundamental term in a contract.

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Delisa

2 months ago

I think a warranty is just a minor term, so it doesn't affect the main benefit.

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Cheryll

2 months ago

C) no- a warranty is a fundamental term in a contract

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Delisa

3 months ago

A) yes- it does not affect the prime benefit

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