EXAM PREP QUESTIONS & CORRECT VERIFIED
ANSWERS 2024-2025. GRADED A
A buyer has canceled a sale within the allowable time period. When must any
goods or property traded in be returned? - ANSWithin 10 business days after the
seller receives the cancellation notice
A buyer has cancelled within the allowable time, and the seller has refunded the
deposit. How does the seller regain possession of the merchandise? - ANSThe
seller must recover it at his own expense within 20 days following the date
cancellation
A carpenter is regularly employed by a licensed Home Improvement contractor.
He builds a deck for his neighbor for $2,000. The contractor finds out about the
project, fires the carpenter, and reports the incident to the Home Improvement
commission. The commission may? - ANSCharge the carpenter with violation of
the Home Improvement Act
A claim against the Home Improvement Guaranty Fund must be brought to the
commission within what period of time? - ANSWithin 3 years of discovering the
loss or damage
, A contractor offers employment to a telephone salesperson. Which of the
following must accompany the salespersons application for a license. - ANSNo
license is required
A contractor receives a notice of hearing before the Home Improvement
Commission with relation to a claim entered against him. What response is
required? - ANSNone, no legal requirement
A contractor specializes in building decks. What is the most important item in his
advertising? - ANSHis name and license number
A contractors representative makes a door to door sale at 10:30am, Wednesday,
December 23rd. The salesperson doesn't turn in the sale contract until December
28th. When is the latest the buyer may exercise their right to cancel? -
ANSMidnight December 28th
A home improvement contractor has contracted for and constructed a garbage.
The roof failed to support the snow load the following winter, damaging both rood
and the owner car. The contractor repaired the roof, but refuses to pay for repairs
to the car. How much may the property owner recover from the home
improvement guaranty fund for repairs to his car? - ANSNothing