|Certified Commercial Contracts Manager|
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Contract Management Exam Study Guide & Practice Questions 2013 Edition
CCCM Exam Tips
The actual exam questions were written to be tricky. However, if you are careful enough, the process of isolation would work pretty well in eliminating the wrong choices.
Take a look at the commercial knowledge question below:
An offer, in order to give rise to a valid contract, must
be timely accepted by the intended offeree
be stated orally
be specifically permitted by statute or regulation
be limited as to form of acceptance
As you can see:
be stated orally <-- this is obviously wrong
be specifically permitted by statute or regulation <-- "be specifically permitted" does not mean "be legal". A statute cannot "specifically" permit an offer.
be limited as to form of acceptance <-- the offerer may choose to limit the form of acceptance, but the question does not say so.
Here comes another one:
If you understand the logic behind the CCCM
questions & choices, you will easily get the wrong answers removed!
SAMPLE TEXT on drafting commercial contract
SAMPLE TEXT on Contract compensation and financing
Talking about the forms of agreement in regards to
compensation, a lump sum compensation is a remuneration which
establishes a specific total amount payable for the performance of
the contractual work. Lump sum compensation would be appropriate if
you can establish with high precision the Scope, Character,
Complexity and Duration of the work and that just compensation for
the contractual work can be evaluated in advance with reasonable
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CCCM Contract Management Exam Study Guide & Practice Questions 2013: Building Your Contract Management Exam Readiness
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You may also find this classnotes useful for entry level course on commercial contract:
Intro to Commercial Contract Study Notes, Review
Questions and Classroom Discussion Topics
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