CIPS L5M3 Exam - Topic 3 Question 65 Discussion

Actual exam question for CIPS's L5M3 exam

Question #: 65
Topic #: 3

What is the name given to a term in a contract where one party promises to compensate the other party for a trigger event?

Aliability

Bwarranty

Cdamages

Dindemnity

Show Suggested Answer

Suggested Answer: D

Indemnity- this is the definition given on p. 20

by Alaine at May 05, 2026, 03:39 AM

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4 days ago

I think the term we're looking for is "indemnity," but I'm not completely sure. It sounds familiar from our contract law discussions.

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