North Carolina Building Contractor License Practice Exam

The provision that gives the owner the right to require the contractor to repair and correct any defective work or material is known as:

1. Warrant of completion

2. Performance warranty

3. Warranty

4. Contractor's guarantee

The correct answer is: Warranty

The correct answer, which is "warranty," pertains to a legal assurance provided by the contractor regarding the quality of their work and materials. In the context of construction contracts, a warranty typically obligates the contractor to repair or replace any defective work or materials within a specified period after completion of the project. This provision protects the owner’s investment and ensures that any issues arising from poor workmanship or substandard materials will be addressed by the contractor. It reflects the contractor's commitment to uphold quality and fulfill contractual obligations. The other choices, while related to the concept of assurance in construction agreements, do not accurately define the provision giving owners the right to require corrections for defective work. For instance, a "warrant of completion" refers more broadly to the completion of the project rather than specifically addressing the repair of defective work. Meanwhile, "performance warranty" typically relates to a guarantee that a structure will meet certain performance standards but might not explicitly obligate the contractor to correct defects. "Contractor's guarantee" could imply a promise regarding the work quality but does not encapsulate the legal entitlement of the owner as effectively as the straightforward concept of a warranty does.