CSLB Law & Business Practice Questions - California CSLB Law And Business Examination Exam

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When two licensed contractors form a joint venture to bid a single project, what is required of the joint venture itself?

No license is needed if both partners are licensed The joint venture must obtain its own separate CSLB license Only the prime partner must be licensed A permit from the city is sufficient

Correct Answer:

The joint venture must obtain its own separate CSLB license

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