[Code of Federal Regulations] [Title 32, Volume 1] [Revised as of July 1, 2006] From the U.S. Government Printing Office via GPO Access [CITE: 32CFR25.305] [Page 112] TITLE 32--NATIONAL DEFENSE CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE PART 25_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)--Table of Contents Subpart C_Responsibilities of Participants Regarding Transactions Sec. 25.305 May I enter into a covered transaction with an excluded or disqualified person? (a) You as a participant may not enter into a covered transaction with an excluded person, unless the DOD Component grants an exception under Sec. 25.120. (b) You may not enter into any transaction with a person who is disqualified from that transaction, unless you have obtained an exception under the disqualifying statute, Executive order, or regulation. [[Page 113]]