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DBIA - Contracts and Risk Management Exam Questions and Answers
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DBIA - Contracts and Risk Management Exam Questions and Answers
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DBIA - Contracts and Risk ManagementExam Questions and Answers
Requirements iifor iia iivalid iicontract ii- iiAnswers ii--Offer
-Acceptance
-Consideration
-Capacity
-Authority
Trident iiv. iiAustin ii(2003) ii- iiAnswers ii--Austin iitold iiTrident iithat iithey iiwould iicome iiback
iito iithem iiand iiuse iithem iiif iithey iiwon. ii
-Austin iidid iiwin, iibut iidid iinot iigo iiback iito iiTrident
-Trident iicould've iioffered iia iibackup iito iitheir ii$5.2M.
Promissory iiEstoppel iiand iiDetrimental iiReliance ii- iiAnswers ii-an iiequitable iidoctrine
iithat iiprevents iithe iiwithdrawal iiof iia iipromise iiby iia iipromisor iiif iiit iiwill iiadversely iiaffect
iia iipromisee iiwho iihas iiadjusted iihis iior iiher iiposition iiin iijustifiable iireliance iion iithe
iipromise
Metroplexcore iiv. iiParsons iiTransportation iiGroup ii(2014) ii- iiAnswers ii-PTG iimade
iirepeated iiassurances iithat iiMC iiwould iibe iipart iiof iithe iiteam ii(promises). iiEven iithe
iiowner iiexpected iiMC iito iibe iion iithe iiteam. ii- iiExample iiof iiPromissory iiEstoppel
Expectation iiDamages ii- iiAnswers ii-Award iiwhat iiwas iireasonably iiexpected iifrom iithe
iicontract
Rescission iiDamages ii- iiAnswers ii-When iiexpectation iidamages iinot iiavailable, iiaward
iiwhat iiparty iiwould iihave iihad iiif iicontract iihad iinot iiexisted
Specific iiPerformance iiand iiInjunctive iiRelief ii- iiAnswers ii-If iicontract's iisubject iiis
iiunique, iia iicourt iimay iiorder ii
that iithe iibreaching iiparty iiperform iiits iiobligations iiunder iithat iicontract ii(specific
iiperformance) iior iistop iidoing iisomething ii(injunction)
Quantum iiMeruit ii- iiAnswers ii-Award iiof iia iireasonable iisum iiof iimoney ii(i.e., ii"what iithe
iiclaimant iideserved")
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