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ACQ 101 Module 8 Contract Management Questions and Answers Already Passed
What is a contract? legal instrument that defines the relationship between the government and a contractor, acquisition of property, supplies, or services for the direct benefit of the government. What are the elements of a contract? mutual assent; consideration; competency; lawful purpose; certainty of terms; form provide by law What is mutual assent? offer and acceptance; express intent, communicated, complete terms, clear and unambiguous What is consideration? a bargain or exchange...
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