Bảo hiểm & Quyền cầm giữCâu 1556 / 1632
On a public works project, subcontractors generally CANNOT record a mechanics lien against the public property. Their principal payment security instead is the:
a.Notice of non-responsibility recorded by the public entity's agent
b.Builder's risk policy the public entity carries on the improvement
c.Payment bond, plus a stop payment notice against public funds
d.Performance bond posted by the direct contractor at award
Giải thích
Public property cannot be sold to satisfy a private claim, so the legislature substituted two remedies: the direct contractor's payment bond and a stop payment notice served on the public entity against funds still unpaid. (d) is the sharpest distractor, because both bonds are posted on the same job — but the performance bond answers to the public entity for completion, and a sub is not its beneficiary. (a) concerns work ordered by someone other than the owner. (b) is first-party property insurance on the work itself and pays no one for unpaid labour or materials.
Trích dẫn luật: Civil Code §9100 et seq. / §9350 et seq.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
- Which of these must a valid recorded mechanics lien contain?
- A subcontractor who is added as additional insured on NO ONE's policy and carries its own CGL is protected for third-party claims:
- The construction lender must be served with a preliminary notice by a claimant lacking an owner contract primarily so the claimant can later:
- After an owner records a lien release bond of 125%, an unpaid subcontractor who wants to be paid must now pursue:
- 'Employers' liability' coverage, usually part of a workers' compensation policy, protects the employer against:
- A direct contractor completed a private remodel on March 1. No notice of completion was ever recorded and the owner never occupied. The contractor's last day to record a mechanics lien is approximately:
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ 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)