Utah General Contractor's Course - Business and Law Exam Prep Questions and Answers (100% Pass)
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Course
Contractors License
Institution
Contractors License
Utah General Contractor's Course - Business and Law
Exam Prep Questions and Answers (100% Pass)
Which business organization is regulated the least by the government? -
Answer️️ -Sole Proprietorship
In a general partnership, each partner is liable for the debt of the company up to the
perce...
Can an independent contractor be a qualifier for a business entity? - Answer✔️✔️-no
The division must be notified within _______ days, in writing, that a qualifying
officer has ceased association with a company. - Answer✔️✔️-10
If a qualifying person leaves a company, the license will remain active for ______ .
- Answer✔️✔️-60 days
A home owner who builds three residential structures in a five year period is still
exempt from licensing requirements. - Answer✔️✔️-True
A person engaged in the renovation of a commercial building, who works without
compensation, is exempt from licensure requirements. - Answer✔️✔️-False
If the total value of a project is greater than $_______, the builder shall file with
the division a one-time affirmation. - Answer✔️✔️-$1,000
Does a contractor working on a project valued at $2,500, who has filed a one-time
affirmation with the division, have to show proof of public liability insurance? -
Answer✔️✔️-Yes
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