Cslb law business 1 Study guides, Class notes & Summaries

CSLB Law & Business 1-2% - correct answer Bonds can be purchased from bonding companies for ___% of the original contract price. Bid Bond - correct answer This acts as an assurance that the contractor will be able to complete the job as described in the contract. Performance Bond or Contract Bond - correct answer This guarantees a contractor will complete the project according to the agreed upon terms & conditions. Payment Bond - correct answer This guarantees that subcontractors and s...

Bonds can be purchased from bonding companies for ___% of the original contract price. - CORRECT ANSWER 1-2% This acts as an assurance that the contractor will be able to complete the job as described in the contract. - CORRECT ANSWER Bid Bond This guarantees a contractor will complete the project according to the agreed upon terms & conditions. - CORRECT ANSWER Performance Bond or Contract Bond This guarantees that subcontractors and suppliers will be paid by the contractor fo...

CSLB Law & Business Set 1

CSLB Law & Business Set 1

CSLB Law & Business Set 1 Exam Questions and Answers (Latest Update 2023) Verified Solutions

CSLB Law & Business Set 1 (Latest 2024) Questions With Complete Grade A+ Answers

Question 1: How must a client submit a claim for service or repair of a defect on fit and finish items after a remodel? A.) by certified mail B.) by overnight mail C.) by personal delivery D.) any of the above - ANSWERSD. A client may use the normal customer-service procedures agreed to between the client and the contractor, but the client must notify the contractor of the defect in writing by certified mail, overnight mail, or personal delivery before the client may file an actio...

CSLB Law & Business Set 1 Exam Questions And Answers All Verified By Expert Question 1: How must a client submit a claim for service or repair of a defect on fit and finish items after a remodel? A.) by certified mail B.) by overnight mail C.) by personal delivery D.) any of the above - ANS D. A client may use the normal customer-service procedures agreed to between the client and the contractor, but the client must notify the contractor of the defect in writing by certifie...