Home Improvement NYC prime contractor's duties and responsibilities EXAM with 100% correct answer

The prime contractor must secure all necessary permits, licenses, Certificates of Occupancy, or exemptions necessary to complete the contract in accordance with state and local building laws. True No work should be performed and no money should be paid until after the 7-day cancellation period. False No work should be performed and no money should be paid until after the 3-day cancellation period. True The home improvement contractor must use all funds received to pay expenses directly related to the home improvement. True The contractor may use funds received to pay expenses unrelated to the home improvement, unless the home improvement is completed and all expenses for direct labor, material, and subcontractors related to the home improvement have been paid. False The contractor may not use funds received to pay expenses unrelated to the home improvement, unless the home improvement is completed and all expenses for direct labor, material, and subcontractors related to the home improvement have been paid. True Each home improvement contractor must maintain copies of contracts, books of account, and other records reflecting all transactions related to the home improvement business for 1 year or the length of time of any contractual guarantee, whichever is longer. False Each home improvement contractor must maintain copies of contracts, books of account, and other records reflecting all transactions related to the home improvement business for six (6) years or the length of time of any contractual guarantee, whichever is longer. True A contractor can Abandon or fail to perform work. False A contractor cannot, make any substantial misrepresentation in the solicitation of a home improvement contract. True A contractor can commit Fraud in the execution of a contract, mortgage, promissory note, or other document related to the home improvement transaction. False A contractor can Publish any advertisement that contains false, deceptive, or misleading representations. False A contractor cannot Violate the building, sanitary, fire, and health laws. True A contractor does not need to notify DCA of ownership and management changes. False