DBIA - Contracts and Risk Management Test Bank Solution Manual Rated 100%
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Course
DBIA - Contracts and Risk Management
Institution
DBIA - Contracts And Risk Management
DBIA - Contracts and Risk Management Test Bank Solution Manual Rated 100%
Requirements for a valid contract - Answers -Offer
-Acceptance
-Consideration
-Capacity
-Authority
Trident v. Austin (2003) - Answers -Austin told Trident that they would come back to them and use them if they won.
-...
DBIA - Contracts and Risk Management Test Bank Solution Manual Rated 100%
Requirements for a valid contract - Answers -Offer
-Acceptance
-Consideration
-Capacity
-Authority
Trident v. Austin (2003) - Answers -Austin told Trident that they would come back to them and use them
if they won.
-Austin did win, but did not go back to Trident
-Trident could've offered a backup to their $5.2M.
Promissory Estoppel and Detrimental Reliance - Answers an equitable doctrine that prevents the
withdrawal of a promise by a promisor if it will adversely affect a promisee who has adjusted his or her
position in justifiable reliance on the promise
Metroplexcore v. Parsons Transportation Group (2014) - Answers PTG made repeated assurances that
MC would be part of the team (promises). Even the owner expected MC to be on the team. - Example of
Promissory Estoppel
Expectation Damages - Answers Award what was reasonably expected from the contract
Rescission Damages - Answers When expectation damages not available, award what party would have
had if contract had not existed
Specific Performance and Injunctive Relief - Answers 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)
Quantum Meruit - Answers Award of a reasonable sum of money (i.e., "what the claimant deserved")
Key Principles of Contract Damages - Answers Damages cannot be speculative, and must be proven to a
"reasonable" degree of certainty.
Consequential Damages Section 10.5.1, DBIA Document 535 - Answers "Not withstanding anything
herein to the contrary (except as set forth in section 10.5.2 below), neither Design-Builder nor Owner
shall be liable to the other for any consequential losses or damages, whether arising in contract,
warranty, tort (including negligence), strict liability or otherwise, including but not limited to losses of
use, profits, business, reputation or financing."
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