CMGT 460w FINAL EXAM revised vs 1, Top Exam Questions and answers. VERIFIED.
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Course
CMGT 460
Institution
CMGT 460
CMGT 460w FINAL EXAM revised vs 1, Top Exam Questions and answers. VERIFIED.
In order to prevail under a breach of contract claim, Plaintiff must show there was a contract, Plaintiff performed under the contract, Defendant breached the contract, and Plaintiff was damaged.
True or False - -...
CMGT 460w FINAL EXAM revised vs 1 , Top Exam Questions and answers. VERIFIED. In order to prevail under a breach of contract claim, Plaintif f must show there was a contract, Plaintiff performed under the contract, Defendant breached the contract, and Plaintiff was damaged. True or False - ✔✔-True Major breaches of contract typically fall within all of the following categories, except: A. Easily correctable B. Scope of work C. Price of work D. Schedule of work - ✔✔-Easily Correctable Damages which are contemplated and predetermined at the time of contracting are known as follows: A. Actual damages B. Indirect damages C. Speculative damag es D. Liquidated damages - ✔✔-Liquidated Damages All of the following are potential remedies for breach of contract, except: A. Damages B. Punitive damages C. Reformation D. Specific performance - ✔✔-Puntitive Damages When a party to a contract indicates to the other party to the contract that they intend to not perform materials terms required as part of the contract, this is defined as follows: A. Anticipatory repudiation B. Expectation damages C. Breach D. Liquidate d damages - ✔✔-Anticipatory repudiation Under Article 12 of the AIA document provided to you for the Changes lecture, the change order must be signed by the Owner and the _______________. A. Architect B. Construction Manager C. Engineer D. Subcontractor - ✔✔-Architect Under Article 15 of the AGCC form provided to you for the Changes lecture, the change order becomes binding after the change order is signed by the Owner and the Contractor. TRUE FALSE - ✔✔-True Under Article 12 of the AIA document provi ded to you for the Changes lecture, a change order may be used for all of the following, except: A. Cardinal Changes B. Additions C. Deletions D. Revisions - ✔✔-Cardinal Changes Under Article 12 of the AIA document provided to you for the Changes lecture , if the Owner and Contractor do not agree on the cost for the change order, the Architect shall determine the cost. TRUE FALSE - ✔✔-TRUE Under Article 15 of the AGCC form provided to you for the Changes lecture, unless stated otherwise, the pricing structure for the change order shall be __________________. A.The same as the Contract B. Lump sum C. Cost plus a percentage fee D. Cost plus a fixed fee - ✔✔-The same as the Contract The elements of a DSC consist of all of the following, except: A. Materially different B. Unknown condition C. Correct D. Condition known to Contractor - ✔✔-Condition known to Contractor As a contractor, your bes t claim for additional money and time to complete the project due to a DSC is a Type 2 claim. TRUE FALSE - ✔✔-FALSE Under Article 12 of the AIA document provided to you for the Changes lecture, if a concealed condition is encountered, Contractor shall m ake a claim for an increase in the Contract Sum within __________ days A. 10 B. 15 C. 20 D. 25 - ✔✔-20 California Public Contract Code Section 7104 may apply to contracts which you, as a GC, may enter into with the following entity A. A private company B. The City of Chico C. The Federal Government D. California State Universities - ✔✔-The City of Chico If the language of California Public Contract Code Section 7104 is not contained within the prime owner/GC contract, the terms of the Code Section never apply to the contract. TRUE FALSE - ✔✔-FALSE When analyzing what damages you may be liable for upon suspending or terminating a project, the operative question is whether you have the ________ to do so under the contract. A. Precedent B. Right C. Pow er D. Causation - ✔✔-Right
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