MS Law And Business Practice Questions - Mississippi Law And Business Management Examination Exam

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A contractor plans to bid a private commercial warehouse job in Mississippi with a contract price of USD 62,000. Which MSBOC license is required?

A commercial license, because the commercial work exceeds USD 50,000 No license, because the job is under USD 100,000 Only a residential remodeling license, because the building is a warehouse Only a local building permit, because MSBOC does not license commercial work

Correct Answer:

A commercial license, because the commercial work exceeds USD 50,000

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