Cslb law business 2 - Study guides, Class notes & Summaries

CSLB Law & Business 2

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...

CSLB Law & Business 2

CSLB Law & Business Set 1 Q&A 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 - ANSWER 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 certified mail, overnight mail, or personal delivery befor...

An employer remits State disability taxes withheld from an employees wages to what agency? - CORRECT ANSWER Employment Development Department Which act establishes the rights of workers to organize into unions and negotiate contracts? - CORRECT ANSWER National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contractor ask prospective employees about their arrest records?...

Licensing Requirements - California Contractors (Law and Business) Exam Questions and Answers Which of the following will potentially require a business license? A. The Internal Revenue Service B. The Contractors State License Board C. The Department of Industrial Relations D. Any city or county where the contractor is working - Answer-D. Any city or county where the contractor is working Which of the following is not a form of advertising? A. Business cards B. Radio ads C. Lunch meet...

CSLB - Law and Business Exam2 types of qualifying individuals for each type of license - correct answer Individual - Responsible Managing Employee (RME) or Owner Partnership - Qualifying Partner or RME Corporation - Responsible managing officer (RMO) or RME LLC - RME, RMO, Responsible Managing member/manager What must be filed w/CSLB if RME/RMO leaves? Within how long? If not, what happens? - correct answer "Notice of disassociation" and "application for replacing qualifying individual...