Contratos y EjecuciónPregunta 719 de 1605
'Joint control' in the context of a home improvement project refers to:
a.Two contractors sharing one license
b.The homeowner and lender co-signing checks
c.An approved third party (funding control) that disburses contract funds as work progresses
d.The city inspecting each phase
Explicación
A joint control (funding control) is an independent, CSLB-approved third party that holds project funds and releases them to the contractor as verified work is completed, protecting both parties.
Referencia Legal: B&P §7159Practica las 1605 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A contractor includes a clause in the home improvement contract stating the buyer waives their right to cancel. This clause is:
- 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?
- 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:
- 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:
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)