When Does the Owner Receive Manufacturers' Warranties from the GC

question 40

Multiple Choice

When does the owner receive manufacturers' warranties from the GC?

• A)At final completion inspection
• B)Within one week of the GC receiving warranties from the respective manufacturer or subcontractor
• C)At substantial completion inspection
• D)None of the above

---

Definitions:

Digital Option

A financial instrument that provides a fixed return if the market price is above (for a call) or below (for a put) a certain level at expiration.

Bull Money Spread

A type of options strategy that is used when an investor expects a moderate rise in the price of the underlying asset.

Calls

Calls are options contracts giving the holder the right, but not the obligation, to buy a specified amount of an underlying security at a predetermined price within a specified time frame.

Option Quotes

Information about the price of an option contract, including its bid and ask prices, and sometimes the volume and open interest.