The $25,000 contractor's license bond primarily protects which of the following?
Explicación
B&P §7071.5 lists who the §7071.6 bond is for: homeowners and single-family owners damaged by a violation, anyone damaged by a willful violation or by the licensee's fraud, and employees for unpaid wages and fringe benefits. (b) is the wage-bond misconception — employees are beneficiaries, but not the only ones; the wage-and-benefit-only bond is the LLC's separate $100,000 bond under §7071.6.5. (c) imports lien practice: a preliminary notice preserves mechanics lien and stop payment notice rights, not bond claims. (d) reverses the instrument — a surety bond protects the public from the contractor, and the surety may seek indemnity back from the contractor; it is not the contractor's own liability insurance.
Referencia Legal: B&P Code §7071.5 / §7071.6Practica las 1632 preguntas gratis — sin registro.
Own the complete CSLB Law & Business guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- What is the required amount of the contractor's license bond for an active California contractor's license?
- When the CSLB requires a bond of qualifying individual because an RMO or RME owns less than 10% of the entity, what is the required amount?
- After a contractor's license has been disciplined, the CSLB may require a disciplinary bond as a condition of reinstatement. What is the MINIMUM amount of that bond?
- A Responsible Managing Officer qualifies a corporation's license. What does the 'officer' in that title mean?
- What is the qualifying individual's core statutory duty toward the license he or she qualifies?
- A Responsible Managing Employee (RME) qualifying a license must meet which key employment condition?
Última revisión: · proceso editorial