Exam 1 Review- CON 216 - Contract Law answered

Document Content and Description Below

Exam 1 Review- CON 216 - Contract Law 1 laws - ANSWER Congress is established in Article ____________ of the Constitution is has the responsibility of creating ___ ________. statute written -... ANSWER Statutory law is an actual ____________ and represents the exact way the law is ____________. Common law - ANSWER ____________ is how the courts interpret a statute. Executive Order - ANSWER An ____________ provides guidance and required actions pertaining to laws that are in effect. two promise promise - ANSWER A bilateral contract is between ____________ parties and provides a ____________ for a ____________. one promise act - ANSWER A unilateral contract is a ____________ party agreement and creates a ____________ for an ____________. Competent parties Mutual assent Consideration Lawful purpose Certainty of terms - ANSWER The 5 elements of a contract are: ____________, ____________, ____________, ____________, ____________. bargained - ANSWER Consideration is the ____________ for legal value of the deal. express implied - ANSWER Actual authority consists of ____________ and ____________. implied delegated - ANSWER ____________ authority is ____________ authority to perform a certain task. equity - ANSWER Within the civil court structure, courts handle matters of law and ____________. Equity - ANSWER ____________ is the modification of behavior of an entity. Promissory Estoppel - ANSWER ____________ is a court ruling that requires the guilty party to stop something despite there be no violation of law. Research & Development - ANSWER R&D stands for ____________. Authorization - ANSWER An ____________ from Congress does not make money available. Appropriations - ANSWER ____________ make money available for spending on a specific purpose. commit - ANSWER Government agencies ____________ money to a specific program. obligates - ANSWER The agent, such as the contracting officer, ____________ funds. purpose time amount - ANSWER Congress applies three levels of limitations to funding: ____________, ____________, ____________. unlimited data rights - ANSWER the Government has ____________ when the data is created exclusively with Government funds. limited data rights - ANSWER the Government has ____________ when the data was created with private funds. government purpose rights government - ANSWER The Government has ____________ when funding comes from both Government a private sources. This allows the Government to use the rights for a ____________ purpose. The Government has ____________ when they are separately agreed to by the parties. - ANSWER Negotiated Rights The Government Accountability Office falls under Article ____________ of the Constitution. - ANSWER 1 The ASBCA falls under Article ____________ of the Constitution. - ANSWER 2 A patent is a statutory monopoly granted to an inventor that lasts for ____________ years. - ANSWER 20 A copyright is a statutory grant of a monopoly for the life of the creator plus ____________. - ANSWER 70 ____________ require no registration. - ANSWER Trade Secrets A ____________ is a proceeding to resolve a disagreement in connection with the ____________ of a Government contract. - ANSWER protest awarding A ____________ is a disagreement concerning the administration of an ____________ contract. - ANSWER dispute existing The three locations that a contractor can file a protest are: ____________, ____________, ____________. - ANSWER agency GAO courts Prior to submission of a protest all parties shall use best efforts to resolve concerns at the ____________ level. - ANSWER contracting officer Protests shall be filed before bid opening or no later than ____________ days after the basis of protest is ____________. - ANSWER 10 known Only ____________, someone with a ____________ economic interest can file a protest. - ANSWER interested parties direct The Assignment of Claims Act pro [Show More]

Last updated: 1 year ago

Preview 1 out of 8 pages