Contratos y EjecuciónPregunta 720 de 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
Explicación
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.
Referencia Legal: B&P §7159(d)Practica las 1605 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- 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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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)