100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
legal aspects final exam 2023 with complete solution $10.49   Add to cart

Exam (elaborations)

legal aspects final exam 2023 with complete solution

 1 view  0 purchase
  • Course
  • Institution

legal aspects final exam 2023 with complete solution The right or authority granted over a geographical region Jurisdiction Type of law which is written and set by our governmental legislature statute law Which type of contracts do we typically use in construction (hint, there are 2 to choos...

[Show more]

Preview 2 out of 8  pages

  • April 27, 2023
  • 8
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
avatar-seller
legal aspects final exam 2023 with complete
solution
The right or authority granted over a geographical region
Jurisdiction
Type of law which is written and set by our governmental legislature
statute law
Which type of contracts do we typically use in construction (hint, there are 2 to
choose from)
Bilateral, Express
A term which indicates a contract can become binding in spite of no formal
agreement being in place - a contract exists based mostly on actions/behaviors of
parties.
estoppel
A contract element which allows for agreement on basic meaning and legal
implications of the contract, and eliminates "mistakes of fact" prior to entering
into contract:
Meeting of the minds
A government entity (not in all states) cannot be sued without its consent due to:
Sovereign Immunity
T or F. To form a Proprietorship, formal documents are required to establish the
business.
False
T or F. An oral agreement is a sufficient means of forming a Partnership (meaning
no formal documentation is required).
True
A legal entity (or business) created to act as an individual, and is also viewed as
an artificial tax-paying individual.
Corporation
Contracting method where an owner hires a Contractor and Design Firm
(Architect/Engineer) as a single contract to utilize the construction firm's
experience in the designing phases.
Design/ build
High Risk/High Reward
GC
More open-book style of cost control.
CM at risk
Allows for Contractor input during design
CM at risk
Plans and Specs should be close to 100% complete before construction starts (or
before Contractor sees them at least)
GC
Incentivizes Contractor to abuse Subs, cut corners and look for loopholes
GC

, May risk losing money in pre-construction due to amount of time spent on it and
not see the project actually take place
CM at risk
Seen as having a stronger and fair market competition for bidding
GC
Low Risk/Low Reward
CM at risk
Typically stronger relationship environment between the Owner/AE/Contractor
CM at risk
Which type of lien waiver states that full payment has been received and there is
no claim of lien against the homeowners' property.
Full unconditional
A contracting method where the Owner is usually represented by a firm who is
responsible for the drawings (and other contract documents), and the owner's
contract is direct with the general contractor.
General contract
Legal right to limited use of a property.
Easement
In which type of contracting method is the Contractor NOT responsible for means
and methods of construction activities since they are not directly contracted with
the subcontractors, but instead acts as an adviser (or representative) to the
Owner?
CM as agent
A form of augmenting or supporting the standard Contract Documents.
supplemental conditions
Defines specific administrative protocols and processes directly associated with
a given (or specific) project.
general requirements
Establishes rights, authorities, and obligations of contracting parties.
General conditions
Due to the Construction Lien Act, there is a required process involving 4
documents in sequential order that must be properly completed in order to file a
claim of lien. List the 4 documents in chronological order by matching them with
the proper number (1 is first in order, 4 is last in order):
1. Notice of Commencement, 2. Notice of Furnishing, 3. Sworn Statement, 4. Proof of
Service of Notice of Furnishing
Updates to plans/specs throughout course of project as changes are made, to
ensure the final product that was constructed matches a final set of documents.
as-builts
Assures that products being installed meet design requirements.
submittals
Helps owners understand how to work, and take care of, the equipment installed
so it continues to meet the design intent.
O&M Manual
Legal right to pass along a specific route through a series of connected parcels.
right of way

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICAIDSTORE. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart