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Free CIPS L5M3 Exam Practice Questions

    • PDF Questions

      • Exam Code: L5M3
      • Exam Name: Managing Contractual Risk
      • Total Questions: 120
      • PDF Price: $29.50 / $59.00

    • Bundle Pack

      • Exam Code: L5M3
      • Exam Name: Managing Contractual Risk
      • Total Questions: 120
      • Bundle Price: $49.50 / $99

    • Online Engine

      • Exam Code: L5M3
      • Exam Name: Managing Contractual Risk
      • Total Questions: 120
      • Practice Test Price: $34.50 / $69.00
    1. Page: 1/24
      Total 120 Questions
      PDF Questions & Answers Web-Based Practice Test
    Question No 1
    Which of the following would constitute an offer? Select TWO:
    Choose the Choices:


    Question No 2
    Which of the following would not be considered acceptance of a contract term?
    Choose the Choices:


    Question No 3
    David is selling his house and Barbera would like to buy it. David is expecting to get £100,000 for his house. Barbera offers £80,000 and David asks Barbera if she'll pay £90,000 instead. Barbera says no. After a week David hasn't had any other offers so would like to accept Bar - bera's offer. Can he do this?
    Choose the Choices:


    Question No 4
    A large financial organisation ensures that they have contracts with all of their suppliers. In which instance would indemnity not necessarily form part of the contract?
    Choose the Choices:


    Question No 5
    Molly is a wedding planner who has just set up as a sole - trader. She has a meeting with a po - tential couple to organise their wedding. The couple is extremely risk adverse and have asked Molly to email them a copy of her insurances. Which insurances should Molly send? Select TWO
    Choose the Choices:

    Next Question
    1. Page: 1/24
      Total 120 Questions
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About This L5M3 Question Bank

This page has 120 free practice questions for the CIPS L5M3 (Managing Contractual Risk) exam, last refreshed on 9th Aug 2026. Answer each question, then reveal the correct choice to check your understanding before deciding whether to unlock the full question bank.

The demo above is a sample of the complete L5M3 question set. The full bank includes the PDF, downloadable practice test, and online exam-engine formats listed above, with free updates included for the duration you choose.

Frequently Asked Questions

How many free L5M3 questions can I try here?

This demo includes a sample from our 120-question L5M3 bank so you can check the format and difficulty before purchasing.

Are these L5M3 questions updated?

Yes, the CIPS L5M3 question bank is reviewed and refreshed periodically to reflect current exam objectives.

What formats are available for the full L5M3 question bank?

PDF download, an online practice-test engine, and a combined bundle pack with 3, 6, or 12-month free updates.

Is there a refund if I don't pass?

Yes, purchases include a money-back guarantee — see our refund policy for details.