Con 1100v - Study guides, Class notes & Summaries

CON 1100V UNIT 3 Exam Review 4 Essential Elements in Contracting include: - ANS-1. Capacity 2. Mutual Assent 3. Consideration 4. Lawful Purpose Federal Acquisition Regulation (FAR) is: - ANS-a mutually binding legal relationship obligating the seller to provide supplies/services, and the buyer to pay for them (FAR 2.101). Capacity refers to: - ANS-legal competence of people to enter valid contracts. Once legally bound to the contract, parties must have the capacity to: - ANS-understand...

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CON 1100V - UNDERSTANDING REGULATIONS QUESTIONS AND ANSWERS 100% VERIFIED SOLUTION Which of the following entities are directly regulated by the FAR? Most executive branch agencies Most legislative branch agencies Most judicial branch agencies Federal contractors - ANS-Most executive branch agencies. Which of the following is subject to the Federal Acquisition Regulation (FAR)? Purchase of services using other transaction authority (OTA) Purchase of real property with appropriated fund...

CON 1100V Unit 07 Scenario 1 and 2 Questions and Answers 2024 with complete solutions; Defense Acquisition University CON 1100V Unit 07 Scenario 1 and 2

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CON 1100V - Final Exam UPDATED ACTUAL Questions and CORRECT Answers Who has the authority to determine the applicability of rules, regulations, and policies on a specific contract? Any acquisition team member Contracting officer Senior contracting specialist Legal representative - CORRECT ANSWER- Contracting officer

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Which of the following entities are directly regulated by the FAR? Most executive branch agencies Most legislative branch agencies Most judicial branch agencies Federal contractors - ANSWER ☑☑Most executive branch agencies. Which of the following is subject to the Federal Acquisition Regulation (FAR)? Purchase of services using other transaction authority (OTA) Purchase of real property with appropriated funds Award of a grant with appropriated funds Purchase of supplies with...