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CSLB CONTRACTORS LAW PRACTICE TEST PART TWO REVIEW TEST PAPER 2026 PRACTICE SOLUTIONS GRADED A+

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CSLB CONTRACTORS LAW PRACTICE TEST PART TWO REVIEW TEST PAPER 2026 PRACTICE SOLUTIONS GRADED A+

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CSLB CONTRACTORS LAW PRACTICE TEST
PART TWO REVIEW TEST PAPER 2026
PRACTICE SOLUTIONS GRADED A+

⩥ Bid Bond.
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.
Answer: This guarantees a contractor will complete the project
according to the agreed upon terms & conditions.


⩥ Payment Bond.
Answer: This guarantees that subcontractors and suppliers will be paid
by the contractor for properly performed work.


⩥ $35,000.
Answer: Payment Bonds are required for federal government contracts
over $__________.


⩥ Fidelity Bond.
Answer: This covers the business owner in case of employee dishonesty
or theft.

,⩥ $15,000.
Answer: Contractors must file a contractors bond OR submit a cash
deposit with the CSLB for $_______.


⩥ $15,000.
Answer: The value of a contractors bond must be $________


⩥ 90.
Answer: The contractors bond must be filed with the CLSB within ___
days from the bond effective date.


⩥ True.
Answer: True or False: A contractor must identify their type of insurance
when referring to themselves as "bonded" or "insured" in advertisements
or publications.


⩥ $12,500 (They can be exempt if the RMO can certify ownership of
10% or more of the voting stock in the company.).
Answer: A business must submit a separate $________ bond for RMEs
or RMOs.


⩥ $100,000.

, Answer: A Limited Liability Surety Bond for $__________ is required
in addition to the contractors bond for an LLC license.


⩥ Disciplinary Bond.
Answer: This must be filed with the Registrar after a license has been
revoked or denied.


⩥ False. It's an additional requirement and may not be filed in place of
another bond..
Answer: True or False: A Disciplinary Bond can be combined with any
other bond.


⩥ $15,000 up to 10x the amount of the contractor's bond.
Answer: The Disciplinary bond amount ranges from _______ to
_______, depending on the violation.


⩥ 2 years.
Answer: The Disciplinary Bond must be valid & on file with the
Registrar for how long?


⩥ Within 90 days.
Answer: How soon should the Disciplinary bond be filed with the
CSLB?

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