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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
Commercial Contracts
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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
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
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
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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.
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.
Who can you submit a claim to? - ✔✔✔ Correct Answer > Contractor claims
are submitted to the KO
What is a claim? - ✔✔✔ Correct Answer > a written demand or assertion by
one of the contracting parties seeking (i) payment of a specific sum of
money, (ii) adjustment or interpretation of contract terms, or (iii) other
relief arising under or relating to the contract.
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
Commercial Contracts
,2 | Page
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
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
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
, 3 | Page
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.
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.
Who can you submit a claim to? - ✔✔✔ Correct Answer > Contractor claims
are submitted to the KO
What is a claim? - ✔✔✔ Correct Answer > a written demand or assertion by
one of the contracting parties seeking (i) payment of a specific sum of
money, (ii) adjustment or interpretation of contract terms, or (iii) other
relief arising under or relating to the contract.
