NJ General Contractor Practice Questions - New Jersey General Contractor Exam

Under NJ law, what is a 'pay-if-paid' clause in a subcontract?

A clause making the subcontractor's payment contingent on the GC receiving payment from the owner A clause requiring immediate payment upon completion A clause eliminating the need for invoicing A clause requiring payment in advance

Correct Answer:

A clause making the subcontractor's payment contingent on the GC receiving payment from the owner

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