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CONl 3990Vl Examl (Latestl 2026/l 2027l Update)l Review|l 100%l Verifiedl Questionsl &l Answersl |l Gradel A
Q:l Basicl Elementsl ofl al Legallyl Bindingl Contract
Answer:
Mutuall assent,l adequatel consideration,l capacity,l legality.
Q:l Impliedl Actuall Authority
Answer:
Authorityl tol dol whatl isl usual,l customary,l andl necessaryl tol accomplishl thel task.
Q:l Expressl Actuall Authority
Answer:
Authorityl givenl inl writingl byl al superior.
Q:l Actuall Authority
Answer:
Authorityl thatl existsl whenl someonel believesl anl individuall canl actl onl behalfl ofl thel government.
Q:l Expressl Authority
Answer:
Authorityl createdl byl explicitl language,l eitherl inl writingl orl verbally.
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Q:l Impliedl Authority
Answer:
Authorityl givenl byl implicationl basedl onl thel situation.
Q:l Authorityl byl Courtl Order
Answer:
Authorityl grantedl byl al courtl order.
Q:l Apparentl Authority
Answer:
Authorityl thatl existsl whenl someonel reasonablyl believesl anl individuall hasl thel authorityl tol actl onl behalfl ofl thel Government.
Q:l Considerationl inl al Contract
Answer:
Somethingl ofl valuel thatl thel promisorl receivesl froml thel promisee.
Q:l Enforceabilityl ofl al Contract
Answer:
Considerationl isl al fundamentall elementl thatl mustl bel presentl forl al contractl tol bel enforceable.
Q:l Lawfull Purposel inl Contractl Law
Answer:
Thel necessityl thatl al contractl doesl notl violatel publicl policyl orl law. 2 / 4
Q:l Capacityl inl Contractl Law
Answer:
Thel abilityl tol understandl andl appreciatel thel termsl ofl thel contract.
Q:l Mutuall Assentl inl Contractl Law
Answer:
Thel conditionl wherel eachl partyl makesl al promisel orl beginsl tol renderl performance.
Q:l Commerciall Product
Answer:
Al productl availablel tol thel generall publicl forl purposesl otherl thanl governmentall use.
Q:l Commerciall Service
Answer:
Al servicel providedl tol thel generall publicl andl procuredl inl supportl ofl al commerciall product.
Q:l Commerciallyl Availablel Off-the-Shelfl (COTS)l Item
Answer:
Anl iteml thatl isl readilyl availablel forl purchasel byl thel generall public.
Q:l COTS
Answer: 3 / 4
Al supplyl thatl isl al commerciall productl soldl inl substantiall quantitiesl withoutl modification.
Q:l Pre-awardl phasel exchanges
Answer:
Clarificationsl andl communicationsl thatl canl takel placel betweenl thel contractorl andl government.
Q:l Pre-awardl phasel activities
Answer:
Developingl solicitationl andl developingl anl offer.
Q:l Solicitationl planningl considerations
Answer:
Thel needl orl requirement,l measurablel outcomes,l andl availablel funds.
Q:l Sourcesl exclusionl inl solicitation
Answer:
Thel agencyl shouldl seekl fulll andl openl competition.
Q:l Risksl inl solicitationl planning
Answer:
Makel orl buyl decision,l conductingl al supplyl orl servicesl determination,l andl schedulel needs.
Q:l Delivery/performancel schedulel risks
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