Contratos y EjecuciónPregunta 694 de 1605
A home improvement contract has a total price of $6,000. What is the maximum down payment the contractor may lawfully require?
a.$1,200
b.$1,500
c.$1,000
d.$600
Explicación
Under B&P §7159, the down payment on a home improvement contract may not exceed $1,000 or 10% of the contract price, whichever is less. Ten percent of $6,000 is $600, which is less than $1,000.
Referencia Legal: B&P §7159(d)Practica las 1605 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A homeowner hires a licensed contractor to remodel a kitchen for $18,000. At what contract price does California law require that a home improvement contract be put in writing?
- Which of the following projects is NOT considered a 'home improvement' under the Contractors State License Law?
- A contractor begins demolishing a homeowner's bathroom before the written home improvement contract is signed. Under the Contractors State License Law, this is:
- A home improvement contract totals $40,000. What is the maximum lawful down payment?
- After signing a home improvement contract at their kitchen table, a homeowner changes their mind. How many business days does the buyer generally have to cancel the contract?
- A 72-year-old homeowner signs a home improvement contract. How many business days does this senior buyer have to cancel?
Última revisión: · proceso editorial
Sen Lin, Fundador de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)