DBIA EXAM 3 LATEST ACTUAL EXAM
2025 COMPLETE QUESTIONS AND
DETAILED CORRECT ANSWERS| A+
GRADE GUARANTEED PASS
_____ _____ _____: what the parties do during the
performance of this contract.
a.) Course of Performance
b.) Course of Conduct
c.) Terms of Art Correct Answer a.) Course of
Performance
_____ _____ _____: what the parties do during the
performance of other similar contracts.
a.) Course of Performance
b.) Course of Conduct
c.) Terms of Art Correct Answer b.) Course of Conduct
_____ _____ _____: the use of a word in a specific
industry.
a.) Course of Performance
b.) Course of Conduct
c.) Terms of Art Correct Answer c.) Terms of Art
What are the 4 types of law? Correct Answer 1. Contract
Law
,2. Tort Law
3. Statutes and regulations
4. Common Law
_____ Law is based on the use of precedent. Correct
Answer Common
Arbitration and mediation results don't provide direct
_____. Correct Answer precedent
_____: a party offers to contract with one another. Correct
Answer Offer
_____: a party accepts the other party's offer. Correct
Answer Acceptance
_____: value exchanged for performance. Correct Answer
Consideration
_____: the party making the contract must be legally able
to do so Correct Answer Capacity
_____: the individual forming the contract must have
authority to do so Correct Answer Authority
What are the 5 requirements for a valid contract? Correct
Answer 1. Offer
2. Acceptance
3. Consideration
4. Capacity
5. Authority
, Offers must demonstrate an expression of _____ to
contract on certain terms. Correct Answer willingness
The response to an RFP is an example of a(n) _____.
Correct Answer Offer
What 2 things can nullify an offer? Correct Answer 1.
Varying/additional terms
2. Counteroffers
Oral contracts can be valid.
True or False? Correct Answer True
Oral contracts can be valid on what 2 requirements?
Correct Answer 1. Material terms of contract are clearly
established.
2. Parties demonstrate intention to be bound by those
material terms
_____ ______ contracting rule makes it very difficult to
create an Oral contract. Correct Answer Public Sector
_____ _____ _____ mandates that certain types of
contracts be written. Correct Answer Statute of Frauds
What is an example of a contract that the Statute of
Frauds mandates to be written? Correct Answer contracts
that are impossible to complete within one year
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