Contracts & ExecutionQuestion 720 of 1605
When a home improvement contract's funds are handled through an approved joint control, the effect on the standard down payment and progress payment limits is that they:
a.Are doubled
b.Are cut in half
c.May not apply, because the joint control protects the owner's funds
d.Apply exactly the same with no change
Explanation
B&P §7159 provides that the down payment and progress payment restrictions do not apply when contract funds are placed with an approved joint control that disburses them as work is completed.
Law Reference: B&P §7159(d)Practice all 1605 questions free — no signup required.
Related questions on this topic
- A home improvement contract must be written in the same language principally used in the:
- Under §7159.5, a contractor may NOT do which of the following regarding down payments and progress payments?
- 'Joint control' in the context of a home improvement project refers to:
- The home improvement contract must include a heading identifying the document. That heading must be titled:
- In addition to the contract price, a home improvement contract that includes a finance charge must separately disclose:
- Which statement about the contractor's license must appear in the home improvement contract's required notices?
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Sen Lin, PrepPass Founder · Verified against California CSLB Contractor License Law & Business Exam · How we review
Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)