Which statement about the $25,000 contractor's license bond is correct?
Giải thích
B&P §7071.5 names the beneficiaries of the §7071.6 bond: a homeowner damaged by a violation on home improvement work, the owner of a single-family dwelling not built for sale, any person damaged by a willful and deliberate violation, and employees for unpaid wages and fringe benefits — the last capped in the aggregate at $4,000 by §7071.11(a). (b) describes a performance bond, a separate instrument bought project by project. (c) is the workers' compensation confusion: §7125 requires that coverage separately, and no surety bond pays an injured worker's medical and indemnity benefits. (d) reverses the instrument, since the surety pays the claimant and then seeks indemnity from the contractor.
Trích dẫn luật: B&P Code §7071.5 / §7071.6 / §7071.11(a)Luyện miễn phí toàn bộ 1632 câu hỏi — không cần đăng ký.
Own the complete CSLB Law & Business guide — PDF + EPUB, $24.99 →
Câu hỏi liên quan cùng chủ đề
- A home improvement contract must include the approximate start and completion dates. Failure to include required contract terms can result in what?
- Which practice by a home improvement contractor is expressly prohibited?
- During a declared state of emergency, contracting without a license for repair work may be charged as what?
- A licensee with employees must maintain what insurance to keep the license valid?
- What happens to a license if a contractor with employees fails to maintain workers' compensation coverage?
- An applicant has been convicted of a crime substantially related to the qualifications of a contractor. What does the license law allow?
Cập nhật gần nhất: · quy trình kiểm tra