AGA Exam CGFM Topic 3 Question 60 Discussion

Actual exam question for AGA's CGFM exam

Question #: 60
Topic #: 3

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

AAppropriation

BNon-appropriation

CIt depends

DNone-of these

Show Suggested Answer

Suggested Answer: B

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

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Laquita

3 months ago

Hah, 'None-of these'? Someone's got a wicked sense of humor on the exam team.

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Colton

2 months ago

Hah, 'None-of these'? Someone's got a wicked sense of humor on the exam team.

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Shaun

2 months ago

C) It depends

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Kris

2 months ago

B) Non-appropriation

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Sharan

2 months ago

A) Appropriation

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Paulene

3 months ago

C) It depends? Really? Who writes these options, the government itself?

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Paris

3 months ago

C) It depends

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Paris

3 months ago

B) Non-appropriation

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Paris

3 months ago

A) Appropriation

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Laila

4 months ago

I'm going with B. Non-appropriation. Rolls right off the tongue, doesn't it?

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Tawny

2 months ago

C) It depends

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Micah

3 months ago

B) Non-appropriation

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Herminia

3 months ago

A) Appropriation

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Margurite

4 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

4 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

4 months ago

B) Non-appropriation - sounds like something straight out of a government contract. No surprises there.

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Chaya

2 months ago

D) None-of these - I'm not sure what other options there could be for that clause.

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Malcolm

2 months ago

C) It depends - I guess it really does depend on the specific terms of the lease agreement.

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Jacquline

3 months ago

B) Non-appropriation - Yeah, it's definitely a common clause in government contracts.

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Verdell

3 months ago

A) Appropriation - That's interesting, I wonder how often that clause is actually used.

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Nakisha

4 months ago

The non-appropriation clause is definitely the answer here. Gotta love that governmental bureaucratic language!

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Joana

3 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

3 months ago

It's important to understand the terms of the lease agreement, especially when dealing with government contracts.

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Geoffrey

3 months ago

C) It depends

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Moira

3 months ago

The non-appropriation clause is definitely the answer here.

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Lacey

3 months ago

I agree, the non-appropriation clause is key in this situation.

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Lavelle

3 months ago

B) Non-appropriation

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Kate

4 months ago

A) Appropriation

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Margurite

4 months ago

I think the answer is A) Appropriation.

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