Louisiana Business and Law Exam 2026 Newest
Questions and Correct Answers (Latest 2026 /
2027 Update) (Verified Answers by Expert),
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The purpose of the contractor A qualifying party can be which of
1 2
licensing laws is to the following:
Changes made to the contract
A contractor that works on a
documents after the signing of the
3 preexisting owner occupied 4
basic owner-contractor agreement
building is considered a _________ .
are called:
Don't know?
,Terms in this set (173)
The purpose of the contractor Protect the public from fraudulent contractors
licensing laws is to Protect against inexperienced contractors
Protect the health, safety and general welfare of
the public
Any construction project other than Commercial project
residential homes, a single
residential duplex, tri-plex, or four-
plex.
A contractor is a person that works $50,000
on a project valued at ______ or more
for commercial purposes other than
residential duplexes, tri-plexes or
four-plexes.
A ___________ is the person who General contractor
contracts directly with the owner.
A contractor that works on a Home improvement contractor
preexisting owner occupied
building is considered a _________ .
A residential contractor is one who $75,000
constructs a fixed structure when
the cost exceeds _________.
The state licensing board is 15
comprised of ____ members.
, The board has the power to do any Sue unlicensed contractors
of the following EXCEPT:
Licenses and renewals expire on The anniversary date the license was issued
_______.
An applicant must furnish the board $10,000
with proof of financial responsibility
including proof of net worth of at
least ______ .
Is an applicant permitted to furnish yes
a bond in lieu of proof of net
worth?
When a qualifying party of a 30 days
construction company leaves
employment, the company has how
many days to inform the board?
A qualifying party can be which of A co-partner
the following: A stockholder
An employee who has been with the company at
least 120 days
All of the above
An owner of a property who is True
improving their home for their own
use does not have to have a license
to do construction work.
Questions and Correct Answers (Latest 2026 /
2027 Update) (Verified Answers by Expert),
100% Verified Graded A+
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Modifications
Choose an answer
The purpose of the contractor A qualifying party can be which of
1 2
licensing laws is to the following:
Changes made to the contract
A contractor that works on a
documents after the signing of the
3 preexisting owner occupied 4
basic owner-contractor agreement
building is considered a _________ .
are called:
Don't know?
,Terms in this set (173)
The purpose of the contractor Protect the public from fraudulent contractors
licensing laws is to Protect against inexperienced contractors
Protect the health, safety and general welfare of
the public
Any construction project other than Commercial project
residential homes, a single
residential duplex, tri-plex, or four-
plex.
A contractor is a person that works $50,000
on a project valued at ______ or more
for commercial purposes other than
residential duplexes, tri-plexes or
four-plexes.
A ___________ is the person who General contractor
contracts directly with the owner.
A contractor that works on a Home improvement contractor
preexisting owner occupied
building is considered a _________ .
A residential contractor is one who $75,000
constructs a fixed structure when
the cost exceeds _________.
The state licensing board is 15
comprised of ____ members.
, The board has the power to do any Sue unlicensed contractors
of the following EXCEPT:
Licenses and renewals expire on The anniversary date the license was issued
_______.
An applicant must furnish the board $10,000
with proof of financial responsibility
including proof of net worth of at
least ______ .
Is an applicant permitted to furnish yes
a bond in lieu of proof of net
worth?
When a qualifying party of a 30 days
construction company leaves
employment, the company has how
many days to inform the board?
A qualifying party can be which of A co-partner
the following: A stockholder
An employee who has been with the company at
least 120 days
All of the above
An owner of a property who is True
improving their home for their own
use does not have to have a license
to do construction work.
