Free L4M3 Exam Braindumps (page: 20)

Page 20 of 48

Which of the following is the international standard for labelling hazardous substances?

  1. GPS
  2. HSE
  3. CODEX STAN 1-1985
  4. GHS

Answer(s): D

Explanation:

GHS stands for the Globally Harmonized System of Classification and Labelling of Chemicals. GHS defines and classifies the hazards of chemical products, and communicates health and safety information on labels and safety data sheets). The goal is that the same set of rules for classifying hazards, and the same format and content for labels and safety data sheets (SDS) will be adopted and used around the world. An international team of hazard communication experts developed GHS. The Global Positioning System (GPS), originally NAVSTAR GPS, is a satellite-based radionavigation system owned by the United States government and operated by the United States Space Force. It is one of the global navigation satellite systems (GNSS) that provides geolocation and time information to a GPS receiver anywhere on or near the Earth where there is an unobstructed line of sight to four or more GPS satellites. Obstacles such as mountains and buildings block the relatively weak GPS signals.
CODEX STAN 1-1985 is general standard for the labelling of packaged goods. Environment (E), health (H) and safety (S) (together EHS) is a discipline and specialty that studies and implements practical aspects of environmental protection and safety at work. In simple terms it is what organizations must do to make sure that their activities do not cause harm to anyone.


Reference:

CIPS study guide page 95 LO 2, AC 2.1



Which of the following can be considered as implied terms in a contract?
1. Case law
2. Statute
3. Trade custom
4. A term can never be implied, it must always be expressed by the parties

  1. 1,3 and 4 only
  2. 1, 2 and 3 only
  3. 1, 2 and 4 only
  4. 2, 3 and 4 only

Answer(s): B

Explanation:

An implied term is a term which the courts imply into a contract because it has not been expressly included by the parties. This may be because the parties did not consider it, did not think that any problem would arise in relation to it or simply omitted to include it. The courts are very reluctant to imply terms into contracts and will only do so in the following circumstances:
1. terms implied under statute
2. terms implied under common law
3. terms implied because of custom or usage
4. terms implied due to previous dealings
5. terms implied `in fact' or to reflect the parties' intentions


Reference:

- Contracts: Express and Implied Terms

- CIPS study guide page 126 LO 3, AC 3.1



Which of the following is an invitation to treat?

  1. Purchase order
  2. Invoice
  3. Price list
  4. Tender bid

Answer(s): C

Explanation:

An invitation to treat is an action inviting other parties to make an offer to form a contract. These actions may sometimes appear to be offers themselves, and the difference can sometimes be difficult to determine. The distinction is important because accepting an offer creates a binding contract while "accepting" an invitation to treat is actually making an offer. One simple test to distinguish an offer and an invitation to treat is to ask what this statement will become when it is accepted. Now we apply this test to four options:
- Tender bid: Tender bid is submitted by a supplier to an invitation to tender from the buyer. It states the specific quantity, price and other elements. If buyer accepts the bid, there will be a contract between them. Therefore, a tender bid is an offer.
- Purchase order: Purchase order which is sent by a buyer will state the items, the quantity, the price and terms and conditions. If supplier accepts the purchase order, there will also be a contract between two parties. It is also an offer.
- Price list: Price list is prepared by a supplier. The price list often states the items and unit price. If a buyer accepts it, the contract has not yet been formed since the contract scope has not yet been decided. It is an invitation to treat.
- Invoice: Invoice is often sent after a contract is formed. It is in fact a request for payment, neither offer nor invitation to treat.


Reference:

- CIPS study guide page 29-32
- What Is an Invitation to Treat? LO 1, AC 1.1



Which of the following best defines an `express' term in general contract arrangements?

  1. It is a standard set of terms and conditions published by CIPS
  2. It is not necessarily discussed by the parties, but nonetheless forms part of the contract
  3. It is the term that is added to the contract by the law or based upon the facts of the case.
  4. It is clearly agreed between the parties, and is virtually always written down in the contract

Answer(s): D

Explanation:

Express terms are the terms of the agreement which are expressly agreed between the parties. Ideally, they will be written down in a contract between the parties but where the contract is agreed verbally, they will be the terms discussed and agreed between the parties. Implied terms are terms implied into the contract by the courts. They are not expressly set out in the contract but are taken to be as effective as if they were and as if they had been included from day one of the contract. The express terms and any implied terms together create the legally binding obligations on the parties.


Reference:

- Contracts: Express and Implied Terms
- CIPS study guide 126-132 LO 3, AC 3.1



Page 20 of 48



Post your Comments and Discuss CIPS L4M3 exam with other Community members:

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