Contratos y EjecuciónPregunta 695 de 1632
A home improvement contract totals $40,000. What is the maximum lawful down payment?
a.$1,000
b.$4,000
c.$10,000
d.$2,000
Explicación
The down payment cannot exceed $1,000 or 10% of the price, whichever is LESS. Ten percent of $40,000 is $4,000, but the $1,000 cap is lower, so $1,000 is the maximum.
Referencia Legal: B&P §7159(d)Practica las 1632 preguntas gratis — sin registro.
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)