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CIPS Exam L5M3 Topic 2 Question 33 Discussion

Actual exam question for CIPS's L5M3 exam
Question #: 33
Topic #: 2
[All L5M3 Questions]

A warranty is a minor term of a contract. Is this TRUE?

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Suggested Answer: D

'restitution damages cannot be mitigated by the actions of the innocent party' is the untrue state-ment out of these four. The general principle of Restitution Damages is that the innocent party is expected to be proactive in mitigating the consequences of any breach and should not allow costs to spiral out of control. See p. 124


by Cletus at Jul 14, 2024, 12:02 PM

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Elenore
16 hours ago
Hmm, I thought warranties were all about the prime benefit of the contract. Option B seems right, doesn't it?
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Lavonda
7 days ago
I'm pretty sure a warranty is a fundamental term in a contract, not a minor one. Option C looks like the correct answer to me.
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Delisa
9 days ago
I think a warranty is just a minor term, so it doesn't affect the main benefit.
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Cheryll
10 days ago
C) no- a warranty is a fundamental term in a contract
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Delisa
16 days ago
A) yes- it does not affect the prime benefit
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