Tài chính doanh nghiệpCâu 1154 / 1605
On a home improvement contract, payments a contractor schedules and collects must:
a.Exceed the value of completed work to protect the contractor
b.Be paid entirely before any work begins
c.Always be collected in a single lump sum
d.Not exceed the value of work performed and materials delivered at the time of payment
Giải thích
The home improvement contract law requires that progress payments not exceed the value of work performed plus materials delivered at the time of each payment. A contractor may not stay 'ahead' of the work by collecting for uncompleted portions.
Trích dẫn luật: Business & Professions Code §7159Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contractor completes a $250,000 job on which the owner withheld 10% retention throughout. Assuming no deductions, how much retention should be released at closeout?
- Progress billing (progress payments) means the contractor:
- On a home improvement contract, the down payment a contractor may collect is limited by law to whichever is less:
- Under the schedule-of-values method of progress billing, each payment application is based on:
- In California, sales or use tax on materials a contractor consumes to fulfill a construction contract is generally:
- The California minimum franchise tax that most corporations must pay to the Franchise Tax Board each year is:
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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)