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AGA Exam CGFM Topic 3 Question 60 Discussion

Actual exam question for AGA's CGFM exam
Question #: 60
Topic #: 3
[All CGFM Questions]

The lease agreement contains a ___________ clause that permits the government to cancel the capital lease, without defaulting, by not appropriating payment for the lease.

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Suggested Answer: B

by Georgiann at Sep 17, 2024, 12:50 AM

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Laquita
9 months ago
Hah, 'None-of these'? Someone's got a wicked sense of humor on the exam team.
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Colton
8 months ago
Hah, 'None-of these'? Someone's got a wicked sense of humor on the exam team.
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Shaun
8 months ago
C) It depends
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Kris
8 months ago
B) Non-appropriation
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Sharan
8 months ago
A) Appropriation
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Paulene
9 months ago
C) It depends? Really? Who writes these options, the government itself?
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Paris
8 months ago
C) It depends
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Paris
9 months ago
B) Non-appropriation
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Paris
9 months ago
A) Appropriation
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Laila
10 months ago
I'm going with B. Non-appropriation. Rolls right off the tongue, doesn't it?
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Tawny
8 months ago
C) It depends
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Micah
8 months ago
B) Non-appropriation
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Herminia
9 months ago
A) Appropriation
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Margurite
10 months ago
That makes sense, I see your point. So it really depends on the specific clause in the lease agreement.
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Domingo
10 months ago
I disagree, I believe the answer is B) Non-appropriation because it allows the government to cancel the lease without defaulting.
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Noble
10 months ago
B) Non-appropriation - sounds like something straight out of a government contract. No surprises there.
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Chaya
8 months ago
D) None-of these - I'm not sure what other options there could be for that clause.
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Malcolm
8 months ago
C) It depends - I guess it really does depend on the specific terms of the lease agreement.
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Jacquline
8 months ago
B) Non-appropriation - Yeah, it's definitely a common clause in government contracts.
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Verdell
9 months ago
A) Appropriation - That's interesting, I wonder how often that clause is actually used.
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Nakisha
10 months ago
The non-appropriation clause is definitely the answer here. Gotta love that governmental bureaucratic language!
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Joana
9 months ago
Yes, the non-appropriation clause gives the government the ability to cancel the lease if they don't allocate funds for it.
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Lucina
9 months ago
It's important to understand the terms of the lease agreement, especially when dealing with government contracts.
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Geoffrey
9 months ago
C) It depends
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Moira
9 months ago
The non-appropriation clause is definitely the answer here.
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Lacey
9 months ago
I agree, the non-appropriation clause is key in this situation.
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Lavelle
9 months ago
B) Non-appropriation
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Kate
10 months ago
A) Appropriation
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Margurite
10 months ago
I think the answer is A) Appropriation.
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