Contractors test business law questions with correct answers

You must notify Commissioner of changes in name,trade name, address, or business location no later then... CORRECT ANSWER 15 days A contract is CORRECT ANSWER A legally enforceable agreement to do or not to do. Contractor name different then legal name you must have... CORRECT ANSWER Certificate of Asaned name filed and stamped by Minnesota Secretary of State For DBA name different then legal name of business or if DBA does not include each partner name you must have... CORRECT ANSWER Fortifications of Assumed Name submitted with contractors licensing application. A contract must have... (3 items) CORRECT ANSWER led summary of services performed 2. Description of specific materials used or list of standard features 3. Total contract price or basis on which the price will be calculated Basic owner contractor agreement include... CORRECT ANSWER Description of word, time for performance, contract price and payment schedule and lien notice