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CON 3990V CERTIFICATION EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS)
{160 Q & A} ALREADY GRADED A+ | LATEST
UPDATE 2026/2027 | BRAND NEW!
What are the essential elements of a contract? - ✔✔✔ Correct Answer > 1.
Capacity
2. Mutual Assent
3. Consideration
4. Lawful purpose
Which FAR Part is the best source of information regarding
competition requirements? - ✔✔✔ Correct Answer > FAR Part 6
(Competition Requirements)
Where is in the FAR is contracting by negotiation covered? - ✔✔✔ Correct
Answer > FAR Part 15
Termination for ______ is similar to default termination except it applies
to _________ formats - ✔✔✔ Correct Answer > Cause
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Commercial Contracts
Termination for ________ is the exercise of the Government's
contractual to completely or partially terminate a contract bc of
contractor's actual or anticipated _____ - ✔✔✔ Correct Answer > Default
Failure to Perform
What shall agencies use for acquisition of commercial items
(FAR Part 12)? - ✔✔✔ Correct Answer > Firm-Fixed Price
Fixed-Price Contracts w/ Economic Price Adjustment
What is the order for negotiations? (FAR Part 15) - ✔✔✔ Correct
Answer > Clarifications
Communications
Discussions
What is considered a contract action? - ✔✔✔ Correct Answer > Contract
action means any oral or written action that results in the purchase,
rent, or lease of supplies or equipment, services, or construction.
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What is latent defect? - ✔✔✔ Correct Answer > is one that is not readily
noticeable upon reasonable inspection at the time of acceptance.
Who accepts the burden of latent defect? - ✔✔✔ Correct Answer > The
burden is on the government to prove that defective material and
workmanship was the probable cause of product failure or
nonconformance.
Show Cause - ✔✔✔ Correct Answer > Used after the cure notice fails to
correct delinquency
What are the two main types of termination for non-commercial
contracts? - ✔✔✔ Correct Answer > Termination for Convenience
Termination for Default
Termination for ______ is the gov. unilateral contract right to partially
or completely terminate a contract.... of work under a contract ______
- ✔✔✔ Correct Answer > Convenience when it is in the government's best
interest
Who can you submit a claim to? - ✔✔✔ Correct Answer > Contractor claims
are submitted to the KO
CON 3990V CERTIFICATION EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS)
{160 Q & A} ALREADY GRADED A+ | LATEST
UPDATE 2026/2027 | BRAND NEW!
What are the essential elements of a contract? - ✔✔✔ Correct Answer > 1.
Capacity
2. Mutual Assent
3. Consideration
4. Lawful purpose
Which FAR Part is the best source of information regarding
competition requirements? - ✔✔✔ Correct Answer > FAR Part 6
(Competition Requirements)
Where is in the FAR is contracting by negotiation covered? - ✔✔✔ Correct
Answer > FAR Part 15
Termination for ______ is similar to default termination except it applies
to _________ formats - ✔✔✔ Correct Answer > Cause
,2 | Page
Commercial Contracts
Termination for ________ is the exercise of the Government's
contractual to completely or partially terminate a contract bc of
contractor's actual or anticipated _____ - ✔✔✔ Correct Answer > Default
Failure to Perform
What shall agencies use for acquisition of commercial items
(FAR Part 12)? - ✔✔✔ Correct Answer > Firm-Fixed Price
Fixed-Price Contracts w/ Economic Price Adjustment
What is the order for negotiations? (FAR Part 15) - ✔✔✔ Correct
Answer > Clarifications
Communications
Discussions
What is considered a contract action? - ✔✔✔ Correct Answer > Contract
action means any oral or written action that results in the purchase,
rent, or lease of supplies or equipment, services, or construction.
, 3 | Page
What is latent defect? - ✔✔✔ Correct Answer > is one that is not readily
noticeable upon reasonable inspection at the time of acceptance.
Who accepts the burden of latent defect? - ✔✔✔ Correct Answer > The
burden is on the government to prove that defective material and
workmanship was the probable cause of product failure or
nonconformance.
Show Cause - ✔✔✔ Correct Answer > Used after the cure notice fails to
correct delinquency
What are the two main types of termination for non-commercial
contracts? - ✔✔✔ Correct Answer > Termination for Convenience
Termination for Default
Termination for ______ is the gov. unilateral contract right to partially
or completely terminate a contract.... of work under a contract ______
- ✔✔✔ Correct Answer > Convenience when it is in the government's best
interest
Who can you submit a claim to? - ✔✔✔ Correct Answer > Contractor claims
are submitted to the KO
