CSLB Contractor's Law Practice Test Part 2 with Questions and Answers

CSLB Contractor's Law Practice Test Part 2 with Questions and Answers Which of the following is NOT true concerning a joint-control addendum to a contract? A. It prevents the contractor from being paid more than the value of the work completed B. It safeguards the consumer's property from liens by requiring contractor's to supply lien releases C. It analyzes the contract, plans, breakdown of costs and prepares an account from which funds will be disbursed D. It is controlled by the Contractor's State License Board ANSWER D. It is controlled by the Contractor's State License Board When a joint-control addendum is issued, which of the following does NOT have to be included in a home improvement contract? A. Owner's signature B. Schedule of payments C. Notice to owner D. License number of the contractor ANSWER B. Schedule of payments Which of the following is true concerning surety bonds? A. They are required in order to obtain a contractor's license number B. They are valued at $7500 for all contractor's C. They are required in case you accidentally damage the customer's property D. All of the above ANSWER A. They are required in order to obtain a contractor's license number -Bonds do not cover damage Of the following, who will NOT stand to benefit from a contractor's bond?