DBIA EXAM 3 NEWEST EXAM | QUESTIONS AND
CORRECT ANSWERS | GRADED A+ | VERIFIED
ANSWERS | JUST RELEASED (LATEST
VERSION)
Which of the following terms may be found contrary to public policy?
a.) Indemnity
b.) Limitations of Liability
c.) Advanced waivers of lien rights.
d.) No damages for delay.
e.) All of the above. ---------CORRECT ANSWER-----------------e.) All of the
above.
_____ _____: Means of protecting a party who is reliant on someone's
actions. ---------CORRECT ANSWER-----------------Promissory Estoppel
What are 2 common examples of Promissory Estoppel? ---------CORRECT
ANSWER-----------------1. Subcontractor bids
2. Teaming relationships
What case is this?
- Party sues for lost profits ($3-4 million)
- 5th Circuit found material facts in dispute that allowed party to maintain a
promissory estoppel theory. ---------CORRECT ANSWER-----------------
Metroplexcore V. Parsons Transportation Group (2014)
,_____ Damages: Award what was reasonably expected from the contract. -
--------CORRECT ANSWER-----------------Expectation
_____ _____: When expectation damages not available, award what party
would have had if contract had not existed. ---------CORRECT ANSWER----
-------------Rescission Damages
_____ ______ & _____ _____: If contract's subject is unique, a court may
order that the breaching party perform its obligations under that contract
(specific performance) or stop doing something (injunction). ---------
CORRECT ANSWER-----------------Specific Performance & Injunctive Relief
_____ _____: Award of a reasonable sum of money (i.e., "what the
claimant deserved") ---------CORRECT ANSWER-----------------Quantum
Meruit
Damages cannot be speculative, and must be proven to a _____ degree of
certainty. ---------CORRECT ANSWER-----------------reasonable
The contract may NOT impose limitations on what can be claimed.
True or False? ---------CORRECT ANSWER-----------------False
- Liquidated damages.
- Limitations of liability.
- Improper default terminations.
- No damages for delay.
- Waivers of consequential damages.
, These are all examples of Contractual _____. ---------CORRECT ANSWER-
----------------Limitations
______ Damages: Arise from the consequences of a breach. ---------
CORRECT ANSWER-----------------Consequential
Consequential Damages demonstrates the importance of Contractual
______. ---------CORRECT ANSWER-----------------Waivers
Consequential Damages are distinct from "_____" Damages. ---------
CORRECT ANSWER-----------------Direct
Direct Damages or Consequential Damages?
"Lost Profit on the project" ---------CORRECT ANSWER-----------------Direct
Damages
Direct Damages or Consequential Damages?
"Cost or repair the damage to the project." ---------CORRECT ANSWER-----
------------Direct Damages
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