Bảo hiểm & Quyền cầm giữCâu 1575 / 1605
The '$25,000' figure most commonly associated with California contractor licensing refers to the:
a.Maximum mechanics lien allowed
b.Minimum project size requiring a payment bond
c.Contractor's license bond amount required by the CSLB
d.Required builder's risk limit
Giải thích
The current contractor's license bond amount required by the CSLB is $25,000 (Business & Professions Code §7071.6). It is a suretyship protecting the public from license-law violations, not project insurance or a lien cap.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which of the following is generally the LAST resort remedy because it requires foreclosing on real property?
- On a project where a notice of completion is recorded, missing the 30-day lien deadline (for a non-direct claimant) generally means:
- A general contractor's CGL policy typically will NOT respond to which claim?
- A claim on a private-project payment bond generally requires the claimant to have:
- The most accurate reason insurance and surety bonds are BOTH used on construction projects is that they:
- A lien claimant who has been paid in full but refuses to release a recorded mechanics lien may be liable to the owner for:
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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)