DBIA EXAM (ACTUAL / ) QUESTIONS WITH VERIFIED
ANSWERS GRADED A+
Breach of contract damages - ----Answers----- Cannot be speculative
- Can only be limited to what is in the contract
- Only looks at economic losses no personal injury or 3rd
party property damage.
Tort Law - ----Answers----Legally created remedy for someone who has been wrongfully harmed by another via Negligence or Intentional tort.
Bettermant - ----Answers----A design liability that says you "need pay for your mistake at least once".
Limitation of Liability - ----Answers----A design liability that doesn't cover the HIGH standard of care, only the standard.
Risk Allocation - ----Answers----Best to shift risk to those that can manage it best. Manage, Price and Insure... The Risk.
Risk Analysis Process - ----Answers----Get everyone in the same room, discuss unique risks to project and then create a spreadsheet that describes each and determines who can best
- / 1