Legal Question in Business Law in California
I have owned a floorcovering store in Ca since 1974. We normally receive a 50% deposit at the time of order and collect the balance upon completion. I was told today that this is illegal in Ca and that we can only request a 10% deposit. May I legally get a 50% deposit to order flooring? All of our work is residentail. Please advise.
Asked on 7/10/12, 1:52 pm
1 Answer from Attorneys
Joel Selik
www.SelikLaw.com
See the Contractor's licensing law.
This website page may be useful:http://www.cslb.ca.gov/consumers/hireacontractor/contractsandbindingagreements.asp
Answered on 7/10/12, 2:12 pm