Kinh doanh & Cấp phépCâu 1452 / 1605
If a claimant wins a judgment against the contractor's license bond and the surety pays, what may the surety do?
a.Nothing
b.Cancel the consumer's rights
c.Increase the bond to $1 million
d.Seek reimbursement (indemnity) from the contractor
Giải thích
Under general surety principles and B&P Code section 7071.6, when the surety pays a valid bond claim, it is entitled to seek indemnity from the contractor (the principal). The bond protects the public, not the contractor.
Trích dẫn luật: B&P Code §7071.6Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Beyond the $450 original application fee, an applicant must also pay which fee upon license issuance?
- A contractor renews on time and keeps the license active. How long is the new license term?
- A license that is not renewed by its expiration date becomes what?
- A home improvement salesperson registration is tied to what?
- Why does California require home improvement salespersons to register with the CSLB?
- A contractor performs work outside the classifications listed on the license. This is best characterized as what?
Cập nhật gần nhất: · quy trình kiểm tra
Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)