Solutions
A construction contract must be in writing and contain the nine
minimum elements of a contract when the dollar amount is more
than _______. Correct Answers $1,000
A contract must be in writing and include the nine minimum
elements of a contract if the dollar amount is more than
_________. Correct Answers $1,000
A contractor cannot file a lawsuit for payment in Arizona unless
they are licensed on the date the contract was entered into and
the __________. Correct Answers Date the alleged cause for
action occurred
A contractor installs a new roof for a homeowner on January 1st.
On February 1st the roof leaks in the northeast corner. On March
1st the contractor returns to fix the leak. When does the statute
of limitations expire for the areas of the roof other than the
northeast corner? Correct Answers 2 years from January 1st
A contractor installs a new roof for a homeowner on January 1st.
On February 1st the roof leaks in the northeast corner. On March
1st the contractor returns to fix the leak. When does the statute
of limitations expire for the northeast corner of the roof?
Correct Answers 2 years from March 1st
A contractor may satisfy the bond requirement with a
___________. (Surety bond, Cash bond, Certificate of deposit)
Correct Answers All of the above
, A contractor paints a door for a homeowner on January 1st. On
February 1st, the paint peels. On March 1st, the contractor
returns to repaint the door. When does the statute of limitations
expire for painting the door? Correct Answers 2 years from
March 1st
A contractor who fails to file a response to a citation from the
Registrar may face the following consequence (s). (Failure to
file deemed admission of allegations, Failure to file deemed
cause for revocation of license, Failure to file deemed cause for
suspension of license.) Correct Answers All of the above
A contractor who owes money to the Residential Contractors'
Recovery Fund must repay the full amount of the claim that was
awarded as well as __________. Correct Answers 10% annual
interest
A license that has not been renewed by the renewal date is
automatically ________. Correct Answers Suspended
A licensed contractor has just received a copy of a lien filed
against an owner. The owner intends to retain the amount owed
to the lien from the next progress payment from the owner to the
contractor. The contractor has how many days to dispute the
lien? Correct Answers 10 days
A licensee may request an informal settlement conference prior
to a formal hearing no less than__________prior to the hearing.
Correct Answers 20 days