CIPS Commercial Contracting L4M3 Question # 24 Topic 3 Discussion

CIPS Commercial Contracting L4M3 Question # 24 Topic 3 Discussion

L4M3 Exam Topic 3 Question 24 Discussion:
Question #: 24
Topic #: 3

John Powers is the managing director of ACC Trading Ltd, which provides components to the automotive industry. His company has been providing number plates to Elite Motors Ltd for many years. As John Powers and Peter Ellis, the MD of Elite, have been friends for a long time, there has never been a formal contract agreed between the companies. Following a downturn in the market, Elite Motors Ltd has now been placed in administration. ACC recently delivered 200 number plates but have not received payment. As the number plates have been fitted to some vehicles, the administrators are being very slow to return them. Which clause in a formal agreement would have helped John?


A.

Force Majeure


B.

Retention of Title (Romalpa)


C.

Liquidated Damages


D.

Penalty Clause


Get Premium L4M3 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.