Which statement about the CSLB license bond and a project performance bond is TRUE?
a.The license bond is statewide; a performance bond covers one job
b.The performance bond protects consumers across all the work
c.The license bond guarantees completion of a specific project
d.They are one instrument, known by two different names
Explicación
The $25,000 bond required by B&P §7071.6 is a condition of licensure that runs to the beneficiaries listed in §7071.5 and stands behind everything the licensee does, in a fixed amount that has nothing to do with any contract's size. A performance bond is bought for one project, sized to that contract, and runs to that project's obligee, guaranteeing the job gets finished. (b) and (c) simply swap the two. (d) misses both differences that matter — the source, statute versus contract, and the scope, all work versus one job.
Referencia Legal: B&P Code §7071.5 / §7071.6Practica las 1632 preguntas gratis — sin registro.
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)