CIPS Exam A8 Topic 1 Question 55 Discussion

Actual exam question for CIPS's A8 exam

Question #: 55
Topic #: 1

Which of the following best describes the concept of repudiation of a contract?

AThe court forcing the supplier to perform the remainder of the contract after a breach has occurred

BThe award of financial compensation to be paid, by the party judged to be in breach of the contract, to the other party

CThe buyer being free to find a different supplier to get the work completed in a satisfactory manner

DThe innocent party being able to behave as if the contract had never existed in the first place.

Show Suggested Answer

Suggested Answer: D

by Roselle at Apr 12, 2024, 05:43 PM

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Viva

2 days ago

I think the concept of repudiation of a contract is when the innocent party can act as if the contract never existed.

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Quinn

24 days ago

Wait, hold up. Repudiation means the innocent party can just say, 'Nope, this contract is done.' So, I'm with Marcos on this one. Option D all the way.

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Eugene

26 days ago

Nah, I think you're all wrong. Option A has got to be the answer. The court forces the supplier to keep performing the contract, even after a breach. That's what repudiation is all about, right?

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I don't know, guys. Option C seems like it could be the right answer. If the supplier breaches, the buyer should be able to find someone else to get the job done. Seems like the most practical solution to me.

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Marcos

28 days ago

You know, I was reading up on this the other day, and I'm pretty sure option D is the correct answer. Repudiation means the innocent party can just walk away from the contract, like it never existed. That's the whole point, right?

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Lavelle

1 months ago

Hmm, I think option B is the way to go. If someone breaches the contract, they should have to pay up. That'll teach them a lesson! Plus, it's fair compensation for the other party.

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Helene

1 months ago

I'm not really sure what repudiation of a contract means, but option D sounds the most appealing to me. I mean, who wouldn't want to just pretend the contract never happened, right? No consequences, no fuss.

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CIPS Exam A8 Topic 1 Question 55 Discussion

Contribute your Thoughts:

Viva

Quinn

Eugene

Stevie

Marcos

Lavelle

Helene