CIPS L3M1 Exam - Topic 4 Question 45 Discussion

Actual exam question for CIPS's L3M1 exam

Question #: 45
Topic #: 4

[All L3M1 Questions]

A contract clause which entitles the buyer to hold back 5% of the final price for six months to en-sure everything is in order is known as a --------- clause:

ARetention

BRedemption

CIntention

DRetainer

Show Suggested Answer

Suggested Answer: A

'Retention' - from the word 'retain', meaning to 'keep in place', 'hold back', 'keep possession of' something (Concise Oxford Dictionary, fifth edition) . In this case, 5% of the contract price.

by Marylou at Mar 03, 2026, 07:07 PM

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