Yacht Construction Contracts and Authority Quiz
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Questions and Answers

As per the contractual mandate, which of the following might be within the decision-making authority granted by the owner?

  • Choosing the project location
  • Approving design changes (correct)
  • Selecting staff for the project
  • Deciding the project deadline

    • What is a key aspect to consider when making decisions about the yacht construction project?

  • The specific requirements or milestones specified in the contract (correct)
  • The opinions of the project team
  • Personal preferences
  • The current market trends

    • What should be done if there are ambiguities in the contractual mandate and Power of Attorney?

  • Seek legal advice (correct)
  • Make an educated guess
  • Ask the owner for clarification
  • Ignore them

    • What should all decisions and approvals align with?

    <p>The terms and provisions of the construction contract</p> Signup and view all the answers

    What is crucial to understand in the construction contract?

    <p>The owner's rights, obligations, and limitations</p> Signup and view all the answers

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