What are the two types of authority? correct answers actual and apparent
Actual authority can either be _ or _. correct answers express actual authority or implied actual
authority
express actual authority correct answers is created by explicit language, either in writing or
verbal; it should be noted that the spoken word is generally as binding as the written word;
however it is sometimes more difficult to prove
implied actual authority (include example) correct answers usually defined in general terms to
include authority to do what is usual, customary, and necessary to accomplish the action. implied
actual authority differs from express actual authority in that no express agreement is executed (eg
when an individual is assigned a task to accomplish but the minor details are not spelled out
either verbally or in writing, this is an example of implied actual authority)
Apparent authority exists when correct answers someone reasonably believes an individual has
the authority to act on behalf of the Government, based on his or her conduct, even though that
individual has no actual authority to bind the Government
The term apparent authority includes certain _ of the _ acting within the limits of their authority
as delegated by the _. correct answers authorized representatives; contracting officer; contracting
officer
FAR conventions listed at _ provides guidance for interpreting the FAR and states that each
authority is _ unless specifically stated otherwise. correct answers FAR 1.108(b); delegable
Which authority is legally binding in Government and recognized by the courts? correct answers
actual authority
FAR _ defines contract as a _ obligating the seller to furnish the _ or _ (including _) and the
buyer to _. It includes _ types of commitments that obligate the Government to an expenditure of
_ and that, except as otherwise authorized, are _. In addition to _, contracts include (but are not
limited to) _ and _; _ or _ issued under basic _; _; _, such as _, under which the contract becomes
effective by _ or _; and bilateral _. Contracts do not include _ and _. correct answers 2.101;
mutually binding legal relationship; supplies or services; construction; pay for them; all;
appropriated funds; in writing; bilateral instruments; awards and notices of awards; job orders or
task orders issued under basic ordering agreements; letter contracts; orders, such as purchase
orders; written acceptance or performance; contract modifications; grants and cooperative
agreements
What are the four essential elements of a contract? correct answers capacity, mutual assessment,
consideration, lawful purpose
, What does capacity refer to? to be legally bound to a contract, a party must have capacity to _
and _ the _ of the contract correct answers legal competence of a person to enter a valid contract;
understand and appreciate the terms of the contract
Legal incapacity and legal incompetence are the legal doctrines employed to protect parties who
lack the ability to _. Legal incapacity may arise from _, _ or _, _ or _. correct answers understand
the terms of the contract; infancy; mental illness or defect; intoxication; or one under
guardianship by reason of mental illness or defect
Mutual assent is also known as _. Mutual assent means that parties involved in a contract must
come to an _ about the _ of the transaction and each party either makes a _ or _ or _. correct
answers meeting of the minds; agreement; details of the transaction; promise; begins or renders
performance
Consideration is something of _ that a _ (the _) receives from a _ (the _) in return for his or her
_. It is the _ reason a party would seek to _. Consideration can take _forms, such as _, a _, an _
or _, or _. Without _, a contract is not _. correct answers value; promisor (the offeror); promisee
(the offeree); offer; primary; enter a contract; many; money; a promise; an action or non-action;
or property; consideration; enforceable
Public policy are _ policies regarding public _, _, _, and _ that affect the _. correct answers
governmental; morals, health, safety, and welfare; whole population
A contract is _ if any term of the agreement is _. This is lawful purpose. A contract cannot be
enforced if any term of the agreement is _ or if the enforcement of any term of the agreement
would _. For example, a contract to _ and _ goods that are known to be _ would not be
enforceable. correct answers unenforceable; contrary to public policy; against the law; harm the
state or its citizens; buy and sell; stolen
Market research is the process used to determine if _ can support the acquisition "_" of the
Government. It is a _ for gathering and analyzing _ about _ and _ that are _. It includes
determining product _, the _, and the _ that surround them. More importantly, market research is
required for all _ that _ and for certain requirements _ when adequate _ is not available and the _
justify its _. correct answers industry; needs; continuous process; information; products and
services; available in the marketplace; characteristics; the capabilities of suppliers; and the
business practices that surround them; Federal Government contract requirements; exceed the
Simplified Purchase Threshold (SAT); below the SAT; information; circumstances; cost
_ begin with a description of the Government's needs stated in terms sufficient to allow conduct
of market research. Next, _ is then conducted to determine if _/_ or _ are available to meet the
Government's needs or could be _ to meet the Government's needs. correct answers Acquisitions;
market research; commercial products/services; non-developmental items; modified;
What is a non-developmental item? correct answers An item that was developed expressly for
government use, as long as the contractor paid for all of the developmental costs and the item is
sold in substantial quantities on a competitive basis to multiple government offices; Any