A control apparatus for a vehicle drive-force transmitting apparatus which defines a first drive-force transmitting path provided with a first clutch and a two-way clutch and a second drive-force transmitting path provided with a continuously variable transmission and a second clutch. The control apparatus switches the two-way clutch from its lock mode to its one-way mode, when the second drive-force transmitting path is to be established in place of the first drive-force transmitting path. In a case in which, during forward running of a vehicle with the two-way clutch being placed in the lock mode, the two-way clutch is not switched from the lock mode to the one-way mode even with a request for establishing the second drive-force transmitting path in place of the first drive-force transmitting path, the control apparatus causes the second clutch to be engaged and limits the drive force of the engine.