CONS LAW Exam Questions with Correct Answers

CONS LAW Exam Questions with Correct Answers Which group does not have their own standard form construction contracts? A. American Institute of Architects (AIA) B. Associated General Contractors of America (AGC) C. American Institute of Constructions (AIC) D. The Engineers Joint Contract Documents Committee (EJCDC) - Answer-American Institute of Constructions (AIC) A contract ______________________ . (Select one) A. cannot be formed by actions alone B. must be a written document C. is a promise D. is like a specification - Answer-is a promise Most of the laws that we encounter are written by _____________________________ . (Select one) A. State legislatures B. Regulatory agencies. C. The court system D. the U.S. Congress - Answer-Regulatory agencies. Which statement is false? (Select one) A. Donative promises are enforceable as contracts. B. Detriment is an element of the consideration necessary to form an enforceable contract C. Benefit is an element of the consideration necessary to form an enforceable contract D. Bad bargains still make valid contracts - Answer-A. Donative promises are enforceable as contracts. This type of contract can occur without spoken words of agreement. (Select one) A. implied-in-fact B. quasi-contract C. specific performance D. quantum meruit - Answer-A. implied-in-fact Verbal contracts ________________________ . (Select one) A. must be put into writing B. are too vague to be useful C. are enforceable. D. are uncommon - Answer-are enforceable. This damage award includes the profit that the contractor would have made had the contract been completed. (Select one) A. Unjust Enrichment B. Restitution C. Expectation Damages. D. Injunction - Answer-C. Expectation Damages. Which is more likely an enforceable contract? (Select one) A. Memorandum of Understanding (MOU) B. Temporary Contract C. Preliminary Contract D. Letter of Intent (LOI) - Answer-D. Letter of Intent (LOI) 9. A warranty that arises from the words in a construction contract. (Select one) A. Workmanlike Performance B. Express Warranty C. Implied Warranty D. Warranty of fitness - Answer-B. Express Warranty Which is not an application of good faith and fair dealing? (Select one) A. Reporting errors or omissions B. Duty of cooperation C. Inchoate Contract D. Uncovering design problems - Answer-C. Inchoate Contract Who is responsible for day-to-day decision-making on behalf of the owner? (Select one) A. The engineer B. The owner's representative C. The architect D. The actual owner - Answer-The owner's representative This contracting party is not a designer. (Select one) A. subcontractor B. architect C. engineer - Answer-subcontractor Who supervises construction work? A. The engineer B. The contractor C. The owner D. The architect - Answer-The contractor 4. Which phrase best describes privity of contract? (Select one) A. Privity exists in the agreement between two parties and only the two parties to a contract. B. A provision that has to be fulfilled before a contractual duty arises. C. No prior verbal or written contracts can be introduced as evidence to interpret the meaning of the contract. D. A party is responsible for damage for which the party is partly at fault, no matter how small the fault. - Answer-Privity exists in the agreement between two parties and only the two parties to a contract. Which is not a contract document. (Select one) A. Drawings B. Bid documents C. Specifications D. Modifications E. Supplementary conditions - Answer-Bid documents In an owner-contractor agreement, which is not included in the work of the contract? (Select one) A. work performed by the owner B. bonds C. insurance D. labor and materials - Answer-work performed by the owner