Question

The government company cannot enter into contract or acquire property in its own name.

• A. True
• B. False

Answer 1

The correct option is B False

A government contractor is a company (privately owned or publicly traded but not a state-owned enterprise) either for-profit or non-profit – that produces goods or services under contract for the government. Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property.

Ownership is self-propagating in that the owner of any property will also own the economic benefits of that property.