DBIA EXAM 3 LATEST ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+<\/p>\n\n\n\n
DBIA EXAM 3 LATEST 2023-2024 ACTUAL EXAM 200 What are 2 examples of an unenforceable contract that is contrary to _ Damages: Award what was reasonably expected from the contract. – ANSWER- Expectation : When expectation damages not available, award what
QUESTIONS AND CORRECT DETAILED ANSWERS
WITH RATIONALES (VERIFIED ANSWERS)
|ALREADY GRADED A+
What is an example of a contract that the Statute of Frauds mandates to
be written? – ANSWER- contracts that are impossible to complete
within one year
“Where a contract does not fix a definite price, there must be a definite
method for _<\/strong> it.” – ANSWER- ascertaining
What case is this?<\/p>\n\n\n\n\n
awarded to other.<\/li>\n\n\n\n
(2003)
Contracts created by conduct that is contrary to public sector are _<\/strong>.
enforceable or unenforceable? – ANSWER- unenforceable<\/li>\n<\/ul>\n\n\n\n
public policy? – ANSWER- – Duress<\/p>\n\n\n\n\n
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. – ANSWER- e.) All of the above.
_ _<\/em><\/strong>: Means of protecting a party who is reliant on someone’s
actions. – ANSWER- Promissory Estoppel
What are 2 common examples of Promissory Estoppel? – ANSWER- 1.
Subcontractor bids<\/li>\n<\/ul>\n\n\n\n\n
What case is this?<\/li>\n<\/ol>\n\n\n\n\n
maintain a promissory estoppel theory. – ANSWER- Metroplexcore V.
Parsons Transportation Group (2014)<\/li>\n<\/ul>\n\n\n\n
party would have had if contract had not existed. – ANSWERRescission Damages
&<\/em> : 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). –
ANSWER- Specific Performance & Injunctive Relief
<\/em> : Award of a reasonable sum of money (i.e., “what the
claimant deserved”) – ANSWER- Quantum Meruit
Damages cannot be speculative, and must be proven to a __<\/em><\/strong> degree
of certainty. – ANSWER- reasonable
The contract may NOT impose limitations on what can be claimed.
True or False? – ANSWER- False<\/p>\n\n\n\n\n
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