CIPS Exam L5M3 Topic 2 Question 47 Discussion

Actual exam question for CIPS's L5M3 exam

Question #: 47
Topic #: 2

[All L5M3 Questions]

An agreement in which an organisation is not accountable for any damages that occur during a contract is known as what?

Alimited liability

Bliquidated damages

Chold harmless agreement

Dwaiver of subrogation

Show Suggested Answer

Suggested Answer: B

The correct answers are as follows:

This is arbitration as it involves a panel.

by Amie at Feb 06, 2025, 06:46 AM

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Ngoc

1 months ago

B) liquidated damages? More like 'liquidated my brain cells' trying to figure this one out. Hold harmless agreement FTW!

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Yuki

18 days ago

A) limited liability

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Arlene

2 months ago

D) waiver of subrogation? Really? That doesn't sound like it fits the description at all. This is a tricky one!

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Margret

2 months ago

B) liquidated damages

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Aja

2 months ago

C) hold harmless agreement

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Blondell

2 months ago

A) limited liability

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Thea

2 months ago

Hmm, I was leaning towards B) liquidated damages, but I think you're right, Valentin. A hold harmless agreement is the way to go.

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Kimbery

1 months ago

Yes, it protects the organisation from being held responsible for damages.

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Gail

2 months ago

I agree, a hold harmless agreement is the best option.

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Alpha

2 months ago

I'm leaning towards B) liquidated damages, as it specifies the amount of damages in advance.

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Valentin

2 months ago

C) hold harmless agreement - This seems like the correct answer, as it describes an agreement where the organization is not held accountable for any damages.

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Georgeanna

1 months ago

D) waiver of subrogation

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Raelene

1 months ago

That makes sense, it's like a way to protect the organization from being responsible for damages.

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Rosalind

2 months ago

C) hold harmless agreement

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Tawny

2 months ago

A) limited liability

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Velda

2 months ago

I disagree, I believe it's A) limited liability because it limits the organization's accountability.

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Denise

3 months ago

I think the answer is C) hold harmless agreement.

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