Which of the following is correct?
A. GC should always be liable for a delay.
B. Owners are gods therefore, owners should not be assumed liable for a delay.
C. Owners‘ support can be critical to the performance of a GC.
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Which of the item is CORRECT?
A. It’s perfectly fine if no liquidated damage provision presents in construction contracts.
B. Allocating safety managerial roles and responsibilities is one of the major purpose of safety provisions.
C. Insurance provisions protect obligee; bond provisions protect the subject against risks.
D. One of the main purpose of insurance is to cover the loss results from non-performance of the obligor.
Which of the following dispute resolution approach is referred to as private remedy?
Arbitration
B. Litigation
C. Dispute review board
D. Reconciliation
Which of the following is INCORRECT about litigation?
A. Litigation is a form of public remedy.
B. For a dispute, if one party is not from China, this dispute can be regarded as “foreign”.
C. The court fees are borne generally by the losing party.
D. International litigation should not be a risk because I will get a fair award anyway.
Which of the following item is incorrect about arbitration?
An arbitration hearing is conducted privately.
B. Enforceability of arbitration awards in the country where the party has its assets will usually depend on whether there is a treaty between the relevant countries.
C. Parties can resolve their disputes through arbitration even if the contract is silent about a designated arbitration commission.
D. Most of the arbitration awards are final and binding.
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