CIPS Commercial Contracting L4M3 Question # 8 Topic 1 Discussion

CIPS Commercial Contracting L4M3 Question # 8 Topic 1 Discussion

L4M3 Exam Topic 1 Question 8 Discussion:
Question #: 8
Topic #: 1

Which of the following would be considered as advantages of an industry model form contract?

It provides greater flexibility for negotiation

It reduces the cost of contract development

It is usually designed to be fair to both parties

It removes the need for the buyer to understand it


A.

1 and 2 only


B.

2 and 4 only


C.

1 and 3 only


D.

2 and 3 only


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