What is the primary purpose of Michigan's Occupational Code Act 299?
Correct Answer
C) To regulate contractor licensing and protect consumers
Michigan's Occupational Code Act 299 primarily regulates contractor licensing to ensure competency and protect consumers from unqualified contractors.
Why This Is the Correct Answer
Michigan's Occupational Code Act 299 primarily regulates contractor licensing to ensure competency and protect consumers from unqualified contractors.
More mi-business Questions
A Michigan contractor forms an S-Corporation. What is the maximum number of shareholders allowed?
A contractor's employee is injured on a job site in Michigan. The contractor's workers' compensation insurance has a $500 deductible per claim. The total medical costs are $12,500 and lost wages are $3,200. What is the contractor's out-of-pocket cost for this claim?
What is the minimum general liability insurance coverage amount required for Michigan residential builders?
Under Michigan Act 299, what is the consequence for a contractor who performs work outside the scope of their license classification?
A contractor discovers that a subcontractor has filed a construction lien against their project. The general contractor believes the lien is invalid. What is the primary legal mechanism to challenge the lien in Michigan?
Under Michigan Act 299, what happens if a contractor continues to work without a valid license after it expires?
Which of the following best describes the 'pay when paid' clause limitation under Michigan law?
A project has total costs of $180,000 including $75,000 labor and $105,000 materials. With workers compensation at 7.8% of labor costs and general liability at 0.4% of total costs, what are the combined insurance costs?
A Michigan contractor is forming an LLC. What is the minimum general liability insurance coverage required for residential builders under Michigan law?
Under Michigan Act 299, a contractor's license must be renewed every:
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Previous Question
A Michigan contractor completes a $45,000 kitchen renovation project. The homeowner pays $35,000 but refuses to pay the remaining $10,000. Under Michigan's Construction Lien Act 497, what is the maximum lien amount the contractor can file?
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A contractor fails to pay subcontractors $45,000 on a project with a total contract value of $180,000. What percentage of the total contract value does the unpaid amount represent?