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CIPS Exam L5M3 Topic 1 Question 43 Discussion

Actual exam question for CIPS's L5M3 exam
Question #: 43
Topic #: 1
[All L5M3 Questions]

Lollypop Manufacturer has a long standing contract with Retailer

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Suggested Answer: C

yes- if there is a variation clause and both parties agree. This would usually be written in as a 'price adjustment clause' but if it's not, then it could be agreed and signed by both parties as a 'contract variation'. See p.16 for more details


by Alfred at Nov 18, 2024, 12:53 AM

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Isadora
6 months ago
I'm gonna have to go with option C as well. Gotta love those variation clauses, they really come in handy!
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Linwood
5 months ago
As long as it's done in a transparent and fair manner, a price increase can be negotiated.
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Christiane
5 months ago
I think it's fair to consider a price increase if both parties benefit from it.
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Junita
5 months ago
Agreed, it's important for both parties to agree on any changes to the contract.
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Rutha
5 months ago
I'm gonna have to go with option C as well. Gotta love those variation clauses, they really come in handy!
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Jarvis
6 months ago
Hah, option D is definitely a trap answer. Prices don't always go up in contracts, that's just silly.
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Theodora
6 months ago
I don't know, I'm thinking option A might be the best answer. The contract is still ongoing, so they can't just change the price unilaterally.
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Dean
6 months ago
Yes, it's important to follow the terms of the contract. Option A is the way to go.
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Dierdre
6 months ago
I agree, option A makes sense. The contract is still in place.
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Casey
6 months ago
That's true, unless there is a variation clause and both parties agree to it.
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Kattie
6 months ago
But the contract is still ongoing for another 2 years, so they might not be able to change the price.
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Casey
7 months ago
I think Lollypop Manufacturer should be able to ask for a price increase.
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Tandra
7 months ago
Option C seems like the way to go here. If there's a variation clause and both parties agree, then a price increase should be allowed.
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Ammie
6 months ago
If there's no agreement, it could definitely cause some tension in the contract relationship.
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Dustin
6 months ago
But what if the buyer doesn't agree to the price increase? Would the contract be at risk?
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Gerald
6 months ago
I agree, it's important for both parties to be on the same page when it comes to contract changes.
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Chauncey
6 months ago
Option C seems like the way to go here. If there's a variation clause and both parties agree, then a price increase should be allowed.
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