Q) In cost plus fixed fee contract all the performance risk rests on the contractor

True

False

Q) Equal employment opportunity is imposed on federal contractors by the FAR

True

False

Q) as an engineer, your work is subject to federal law only

True

False

Q) Enacting a new statue is an example of how laws may be changed

True

False

Q) In a contract, consideration means you have had a chance to study the terms outlines before deciding to agree to them

True

False

Q) Generally speaking, it is a good idea to have a contract be vague about completion and payment terms.

True

False

Q) Generally, only a person who is in privity with another may enforce any rights under a contract

True

False

Q) In FAR government contracting, the program managers can legally bind their respective sides contractually

True

False

Q) Government can price the corporate veil to remedy officer/director serious misconduct

True

False

Q) Business incorporation and registration is processed at the federal level under federal rule.

True

False