Select the correct answer:

1. In a construction contract, several bonds commonly used. Which of the following is not a common bond used in construction contract?

A - maintance bond

B - subdivision bond

C - performance bond

D - bid bond

2. In suretyship, what is the difference between an oblige and an obligor?

A - An obligor is the surety

B - An oblige is the surety

C - An oblige is one protected by the surety

D - An obligor is one protected by the surety

3. When a dispute arises on a construction project, which of the following is not a method of resolving it?

A - arbitration

B - mediation

C - promissory estoppel

D - Negotiation

In an arbitration, what type of matter would be eligible for resoulition:

A - whether the contractor's contract with the owner was legal

B - whether the subcontractor contract was legal

C - whether the surety that the contractor supplied was authorzied to do work in this jurisdiction

D - Number of days of delay

9. Assuming a contractor is awarded 5,000 in an arbitration. How does he get his money?

A - there is no good way to recover unless the owner really wants to pay

B - he asks the owner

C - his attorney has to go to court and have the award entered as a judgement

D - he sends the owner a bill with the arbitrator report attatched.

What is the difference between arbitration and mediation?

A - mediation requires face to face negotiation

B - they are the same process

C - Arbitration is more adversariel and is not binding

D - mediation is more adversarial