CIMA Exam CIMAPRA17-BA4-1 Topic 2 Question 103 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 103
Topic #: 2

[All CIMAPRA17-BA4-1 Questions]

In relation to conditions and warranties, which of the following statements is correct?

AA breach of a condition entitles the party not in breach to claim damages only

BTo be effective a condition must be expressed in the contract

CA warranty may be implied into a contract on the basis of a trade custom.

DA breach of a warranty entitles the party not in breach to cancel the contract

Show Suggested Answer

Suggested Answer: B

by Gracie at Nov 16, 2024, 10:00 AM

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Merri

3 days ago

A, really? That's like saying you can only get damages for a broken leg, but not for a broken heart. I'm going with C.

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Oliva

7 days ago

Actually, I think Alonzo is right. A condition must be expressed in the contract to be effective.

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Alonzo

14 days ago

I disagree, I believe the correct statement is B) To be effective a condition must be expressed in the contract.

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Novella

15 days ago

D is the way to go, my friend. Breach of warranty means you can cancel that contract faster than a cheetah on coffee.

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Oliva

15 days ago

I think the correct statement is A) A breach of a condition entitles the party not in breach to claim damages only.

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Francesco

24 days ago

Hmm, I think C is the correct answer. Implied warranties are a thing, you know? Gotta love those trade customs!

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Aleta

8 days ago

I'm not sure, but I think A is the correct answer. Breach of a condition entitles the party not in breach to claim damages only.

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Macy

15 days ago

I agree with you, C is the correct answer. Implied warranties based on trade customs are valid.

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Margart

16 days ago

I believe D is the correct answer. Breach of warranty allows the party not in breach to cancel the contract.

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Amber

18 days ago

I think B is the correct answer. Conditions must be clearly stated in the contract.

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