企业组织与执照第 1442 / 1605 题
Which statement about the contractor's license bond is correct?
a.It protects consumers and certain others from damages caused by license law violations
b.It guarantees the contractor's profits
c.It replaces workers' compensation insurance
d.It is optional for active licensees
解析
Under B&P Code section 7071.6, the $25,000 bond protects consumers and certain other parties from damages resulting from the contractor's violation of the license law. It is mandatory for active status and is not profit insurance or workers' comp.
法律依据: B&P Code §7071.6免费刷完整 1605 道题库 — 无需注册。
同考点相关题目
- A home improvement contract must include the approximate start and completion dates. Failure to include required contract terms can result in what?
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- What happens to a license if a contractor with employees fails to maintain workers' compensation coverage?
- An applicant who has been convicted of a crime substantially related to the qualifications of a contractor may face what in the licensing process?