Chapter 2 - Contracts

Question 1

A home improvement salesperson contract is valid for

Answer 1

2 years

Question 2

Contracts must use a minimum font size

Answer 2

10 points

Question 3

Maximum down payment on a home improvement contract is

Answer 3

10% or $1,000

Question 4

Home solicitation contracts must include the following notice

Answer 4

Three day right to cancel in 12 point font

Question 5

Refunds for home solicitation contracts must be returned within x days of cancelation

Answer 5

10

Question 6

It is illegal for a contractor to raise prices by more than X for Y days following an emergency declaration

Answer 6

10%, 180 days

Question 7

The regulations of the truth in lending act are commonly known as

Answer 7

Regulation Z

Question 8

A service and repair contract may be used if the following conditions are met

Answer 8

$750 or less
Buyer initiates
Not selling other stuff
No payment until work is complete

Question 9

A homeowner may file suit for up to X years after escrow closes

Answer 9

10 years

Question 10

Homeowner may file suit for paint for up to

Answer 10

5 years

Question 11

For and finish warranties extend for

Answer 11

One year

Question 12

Public’s works projects of X or more require apprenticeship programs

Answer 12

$30000

Question 13

Public works contractors must register with DIR every

Answer 13

Fiscal year (July 1 - June 30th)

Question 14

Public works contracts are awarded to the

Answer 14

Lowest responsible bidder

Question 15

Public works subcontractors must be listed in the bid if they perform x% or more

Answer 15

0.5%

Question 16

In the event of a clerical error on a subcontractor list for public works, a notification must be sent

Answer 16

Within 2 days

Question 17

Public works projects may requiring the following bonds

Answer 17

Surety and payment

Question 18

Violating any provision of the subletting and subcontracting fair practices at may result in a penalty of up to

Answer 18

10% of subcontract value