DBIA - CONTRACTS AND RISK
MANAGEMENT EXAM QUESTIONS AND
ANSWERS 100% PASS
Requirements for a valid contract - ANS -Offer
-Acceptance
-Consideration
-Capacity
-Authority
Trident v. Austin (2003) - ANS -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 - ANS 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) - ANS 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
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
MANAGEMENT EXAM QUESTIONS AND
ANSWERS 100% PASS
Requirements for a valid contract - ANS -Offer
-Acceptance
-Consideration
-Capacity
-Authority
Trident v. Austin (2003) - ANS -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 - ANS 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) - ANS 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
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
