DBIA - Contracts and Risk Management
2025/2026 Exam Questions with 100%
Correct Answers | Latest Update
Requirements for a valid contract - 🧠ANSWER ✔✔-Offer
-Acceptance
-Consideration
-Capacity
-Authority
Trident v. Austin (2003) - 🧠ANSWER ✔✔-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 - 🧠ANSWER ✔✔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) - 🧠ANSWER ✔✔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 - 🧠ANSWER ✔✔Award what was reasonably expected
from the contract
Rescission Damages - 🧠ANSWER ✔✔When expectation damages not available,
award what party would have had if contract had not existed
Specific Performance and Injunctive Relief - 🧠ANSWER ✔✔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 - 🧠ANSWER ✔✔Award of a reasonable sum of money (i.e.,
"what the claimant deserved")
Key Principles of Contract Damages - 🧠ANSWER ✔✔Damages cannot be
speculative, and must be proven to a "reasonable" degree of certainty.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
2025/2026 Exam Questions with 100%
Correct Answers | Latest Update
Requirements for a valid contract - 🧠ANSWER ✔✔-Offer
-Acceptance
-Consideration
-Capacity
-Authority
Trident v. Austin (2003) - 🧠ANSWER ✔✔-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 - 🧠ANSWER ✔✔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) - 🧠ANSWER ✔✔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 - 🧠ANSWER ✔✔Award what was reasonably expected
from the contract
Rescission Damages - 🧠ANSWER ✔✔When expectation damages not available,
award what party would have had if contract had not existed
Specific Performance and Injunctive Relief - 🧠ANSWER ✔✔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 - 🧠ANSWER ✔✔Award of a reasonable sum of money (i.e.,
"what the claimant deserved")
Key Principles of Contract Damages - 🧠ANSWER ✔✔Damages cannot be
speculative, and must be proven to a "reasonable" degree of certainty.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
