DBIA EXAM 3 ACTUAL EXAM 2024
COMPLETE ACCURATE EXAM
QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
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 _____ it." -
....ANSWER...ascertaining
What case is this?
- NAVFAC project.
,- Party's $5.2 million price used by other party in bid,
but the project is awarded to other.
- Statute of Frauds found applicable. -
....ANSWER...Trident V. Austin (2003)
Contracts created by conduct that is contrary to
public sector are _____.
enforceable or unenforceable? -
....ANSWER...unenforceable
What are 2 examples of an unenforceable contract
that is contrary to public policy? - ....ANSWER...-
Duress
- Misrepresentation and Fraud
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.
_____ _____: 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
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. - ....ANSWER...Metroplexcore V. Parsons
Transportation Group (2014)
_____ Damages: Award what was reasonably
expected from the contract. -
....ANSWER...Expectation
, _____ _____: When expectation damages not available,
award what party would have had if contract had not
existed. - ....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). -
....ANSWER...Specific Performance & Injunctive Relief
_____ _____: 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 _____ degree of certainty. -
....ANSWER...reasonable
The contract may NOT impose limitations on what
can be claimed.
True or False? - ....ANSWER...False
- Liquidated damages.
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Charitywairimu. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.49. You're not tied to anything after your purchase.
