BCN 3740 Legal Final Study Guide Set
Exam Questions and Answers Graded A+
The Betterment Defense in a contract action would - Correct answer-Be alleged by
the contractor and claim that the owner is seeking completion costs from the work
performed by the replacement contractor which work exceeded the quality, scope
and/or amount originally contracted for by the owner with the original contractor
Work on a public project pursuant to Florida Statue 255.05, requires a bond be
posted by - Correct answer-the contractor if the contract work is in excess of
$200,000
The total Cost Method of Damages calculates damages by - Correct answer-taking
the total cost of the work loss the original bid amount by the contractor to come up
with a damages number
Once a complaint has been served upon - Correct answer-File a response to the
complaint within 20 days of being served
The amount of the bond on a public project must equal - Correct answer-The
contract price between the owner and contractor
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, The preferred method of litigation for a contractor is through - Correct answer-it
depends on the circumstances
If your contract has an enforceable arbitration clause the parties to that contract
must arbitrate unless - Correct answer-Both parties to the contract act inconsistent
with the arbitration clause in their contract
Categories of extras to a construction contract for which a contractor may claim
additional monies may include - Correct answer-Improper site conditions/ work
changes as a result of code requirements
A contractor working on a government project - Correct answer-None of the above
A general contractor who reviews plans and specifications for a construction
project has a duty to tell the owner and/or architect and/or engineer about defects
in the plans and specifications only if those defects - Correct answer-Patent Defects
A cardinal change to a contract is - Correct answer--a change so significant that it
changes the entire scope of the contract
-a change so significant that the contract is abandoned and the measure of damages
is the reasonable value of the work performed
The most widely accepted method of calculating unabsorbed home office overhead
is by using - Correct answer-The Eichleay Formula
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Exam Questions and Answers Graded A+
The Betterment Defense in a contract action would - Correct answer-Be alleged by
the contractor and claim that the owner is seeking completion costs from the work
performed by the replacement contractor which work exceeded the quality, scope
and/or amount originally contracted for by the owner with the original contractor
Work on a public project pursuant to Florida Statue 255.05, requires a bond be
posted by - Correct answer-the contractor if the contract work is in excess of
$200,000
The total Cost Method of Damages calculates damages by - Correct answer-taking
the total cost of the work loss the original bid amount by the contractor to come up
with a damages number
Once a complaint has been served upon - Correct answer-File a response to the
complaint within 20 days of being served
The amount of the bond on a public project must equal - Correct answer-The
contract price between the owner and contractor
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, The preferred method of litigation for a contractor is through - Correct answer-it
depends on the circumstances
If your contract has an enforceable arbitration clause the parties to that contract
must arbitrate unless - Correct answer-Both parties to the contract act inconsistent
with the arbitration clause in their contract
Categories of extras to a construction contract for which a contractor may claim
additional monies may include - Correct answer-Improper site conditions/ work
changes as a result of code requirements
A contractor working on a government project - Correct answer-None of the above
A general contractor who reviews plans and specifications for a construction
project has a duty to tell the owner and/or architect and/or engineer about defects
in the plans and specifications only if those defects - Correct answer-Patent Defects
A cardinal change to a contract is - Correct answer--a change so significant that it
changes the entire scope of the contract
-a change so significant that the contract is abandoned and the measure of damages
is the reasonable value of the work performed
The most widely accepted method of calculating unabsorbed home office overhead
is by using - Correct answer-The Eichleay Formula
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
