Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

CIPS Exam L4M3 Topic 6 Question 11 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 11
Topic #: 6
[All L4M3 Questions]

Express terms in a contract are stated in which of the following? Select TWO that apply

Show Suggested Answer Hide Answer
Suggested Answer: C, D, E

Generally, under the Sale of Goods Acts (in UK, Singapore, Australia,...) or Commercial Codes (in France, Germany, Vietnam,...), the sale contracts have the following implied terms:

- the seller has the right to sell the goods. This is also a condition of the contract

- the goods are free from undisclosed security interests

- the goods supplied under the contract will be reasonably fit for any purpose which the buyer made known to the seller

- sales of unseen goods will be of merchantable quality, and match their description and conform with a sample.

- Passing of risk

- Passing of possession and title

...


LO 3, AC 3.1

Contribute your Thoughts:

Mitzie
1 months ago
Hmm, D and E, huh? Well, at least they're not asking us to decipher hieroglyphics or something. That would really be a wild card!
upvoted 0 times
Dalene
2 days ago
I agree, it's good that they're not throwing any curveballs with hieroglyphics or anything like that.
upvoted 0 times
...
Selene
7 days ago
Yeah, D and E are pretty straightforward. No need for any decoding skills here.
upvoted 0 times
...
...
Margarita
2 months ago
D and E, easy peasy. Although I did consider C - you know, those unwritten industry standards and all that. Guess I'm not as sharp as the folks writing these exams!
upvoted 0 times
Kathrine
12 days ago
Don't worry, it's all about learning from these mistakes for next time.
upvoted 0 times
...
Myra
1 months ago
Yeah, I almost went with C as well. But D and E seemed more concrete.
upvoted 0 times
...
Cletus
1 months ago
I picked D and E too. Seems like the safest bet.
upvoted 0 times
...
...
Jaclyn
2 months ago
This is a tricky one. I was going to say B, but I guess that's more for implied terms. Gotta love the legal jargon!
upvoted 0 times
...
Venita
2 months ago
I'm pretty sure A and C are also valid options. Oral agreements and trade customs can definitely influence the express terms of a contract.
upvoted 0 times
It's important to consider all these factors when drafting a contract.
upvoted 0 times
...
Merlyn
10 days ago
Writing form and statutes are important too, they help clarify the terms.
upvoted 0 times
...
Edmond
1 months ago
Trade customs can also play a role in defining express terms in a contract.
upvoted 0 times
...
Dianne
1 months ago
I think you're right, oral agreements can be considered express terms.
upvoted 0 times
...
...
Evette
2 months ago
D and E are the correct answers. Express terms are clearly stated in the written form of the contract and in applicable statutes.
upvoted 0 times
Nicolette
1 months ago
That makes sense, written contracts are always clearer
upvoted 0 times
...
Moon
1 months ago
D and E
upvoted 0 times
...
...
Caren
2 months ago
I believe the answer is also C) Trade customs, as they can be considered as express terms in a contract.
upvoted 0 times
...
Wilda
2 months ago
I agree with Clement. Writing form is definitely one of the options.
upvoted 0 times
...
Clement
2 months ago
I think the answer is D) Writing form.
upvoted 0 times
...

Save Cancel