SC General Contractor Practice Questions - South Carolina General Contractor Exam

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Under South Carolina law, can a surety bond be used instead of meeting the net worth requirement for a contractor license?

No, only net worth is accepted Yes, a surety bond equal to the required net worth may be substituted Only for Group #1 contractors Only for Group #5 contractors

Correct Answer:

Yes, a surety bond equal to the required net worth may be substituted

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