Free L3M3 – Contract Administration Practice Test Question

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• ○ Offer acceptance and consideration
• ○ Verbal promise without terms
• ○ Invoice issued after delivery
• ○ Meeting held between parties

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• ○ Long term framework agreement
• ○ One off immediate purchase
• ○ Annual blanket order contract
• ○ Consignment stock holding deal

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• ○ Final quantities for delivery
• ○ Prices for all competitors
• ○ Terms for future call offs
• ○ Staff duties in warehouse

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• ○ Delivery note from supplier
• ○ Internal meeting minutes file
• ○ Supplier marketing brochure pack
• ○ Formal contract agreement document

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• ○ Defining required goods services
• ○ Recording payment bank details
• ○ Listing supplier staff names
• ○ Setting buyer working hours

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• ○ Delivery vehicle route details
• ○ Agreed prices and rates
• ○ Supplier staff holiday dates
• ○ Warehouse opening times daily

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• ○ Offer made by party
• ○ Acceptance of that offer
• ○ Delivery of goods made
• ○ Payment of invoice sent

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• ○ Staff appraisal record forms
• ○ Specification of requirements set
• ○ Customer complaint log entries
• ○ Terms and conditions agreed

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• ○ Suppliers internal profit figures
• ○ Buyers personal travel plans
• ○ Costs of the proposal
• ○ Benefits of the proposal

Answer is in the explanation below.

Answer is in the explanation below.

Answer is in the explanation below.