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me answer these 10 multiple choice questions thank you . 1)A signed document recording agreed discussions or negotiations between two or more parties and setting
me answer these 10 multiple choice questions thank you . 1)A signed document recording agreed discussions or negotiations between two or more parties and setting out the basis and summary of terms upon which they intend to later execute a written contract. a. Preunderstanding b. Conditional contract c. Memorandum of Understanding d. Pre-contract 2) A contractual mechanism that allows a party to claim monetary compensation for loss that occurs as a result of the other party's failure to deliver goods or services under the contract on time. a. Fair compensation clause b. Good faith c. Liquidated damages d. Bona fides 3) A person or company appointed to be responsible for the management and control of a workplace for the purpose of a construction project and meeting occupational health and safety requirements of a construction site, as required by the relevant state or territory WHS and OHS legislation. a. OHS manager b. Principal contractor c. Lead manager d. Principal manager 4)A contract which governs preliminary works such as site preparation, earthworks, and design and procurement of long lead items, carried out prior to the finalisation of the head contract under which the main works are carried out. a. Preliminaries contract b. Site preparation contract c. Initial works contract d. Early works contract 5)A contract where the price is determined in advance of the parties' obligations being performed and which contains no provision to compensate the contractor for increases in labour and material costs. a. Pre-agreed costing contract b. No liability contract. c. Fixed price contract d. No cost reimbursement contract 6)A claim for the recovery of a reasonable sum of money for work done or services rendered at the request of and accepted by the defendant. It is a form of restitutionary claim founded on the principles of unjust enrichment. Such a claim often arises where a contract is unenforceable or becomes void. a. Null requirement of obligation b. Positive non-conformance c. Quantum meruit d. Veto of obligation 7)Where a party to a contract fails to act (by a positive act or by omission) in accordance with its contractual obligations. a. Contract failure b. Breach of contract c. Non-conformance d. Act of poor faith 8)A written response to a payment claim identifying the amount of the payment (if any) that the respondent proposes to make. a. Payment response b. Payment schedule c. Post-claim schedule d. Conditional payment 9)A clause limiting the time within which a party may take action under a contract. The clause must be clearly expressed to be effective. a. Liability period b. Action schedule c. Deliverable limitation date d. Time bar 10) A change, addition, omission, inclusion, exclusion, modification, alteration, increase, decrease or deletion from the works, or the work under the contract. a. Re-evaluation of deliverables b. Adjustment c. Variation d. Scope of deliverables
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