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Home > Art, Film & Photography > Sureties: Surety Bond, Bail Bondsman, Performance Bond, Parole Bond, Psurety Bond, Bail Bondsman, Performance Bond, Parole Bond, Peace Bond, Aval, Supersedeas
Sureties: Surety Bond, Bail Bondsman, Performance Bond, Parole Bond, Psurety Bond, Bail Bondsman, Performance Bond, Parole Bond, Peace Bond, Aval, Supersedeas

Sureties: Surety Bond, Bail Bondsman, Performance Bond, Parole Bond, Psurety Bond, Bail Bondsman, Performance Bond, Parole Bond, Peace Bond, Aval, Supersedeas


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About the Book

Chapters: Surety Bond, Bail Bondsman, Performance Bond, Parole Bond, Peace Bond, Aval, Supersedeas Bond. Source: Wikipedia. Pages: 30. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: When a first party (obligee) calls upon a second party (principal) to perform duties in contract form, a surety bond is issued by a third party (surety), guaranteeing that the second party will fulfill an obligation or series of obligations to the first party. In the event that the obligations are not met, the first party will recover its losses via the bond. A surety bond is a contract among at least three parties: European surety bonds are issued by banks and are called "Bank Guarantees" in English and "Caution" in French. They pay out cash to the limit of guarantee in the event of default of Principal to uphold his obligations to Obligee, without reference by Obligee to Principal and against obligee's sole verified statement of claim to the bank. Through a surety bond, the surety agrees to uphold for the benefit of the obligee the contractual promises (obligations) made by the principal if the principal fails to uphold its promises to the obligee. The contract is formed so as to induce the obligee to contract with the principal, i.e., to demonstrate the credibility of the principal and guarantee performance and completion per the terms of the agreement. The principal will pay a premium (usually annually) in exchange for the bonding company's financial strength to extend surety credit. In the event of a claim, the surety will investigate it. If it turns out to be a valid claim, the surety will pay it and then turn to the principal for reimbursement of the amount paid on the claim and any legal fees incurred. If the principal defaults and the surety turns out to be insolvent, the purpose of the bond is render...More: http: //booksllc.net/?id=77081


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Product Details
  • ISBN-13: 9781157140900
  • Publisher: Books LLC
  • Publisher Imprint: Books LLC
  • Height: 152 mm
  • No of Pages: 32
  • Spine Width: 2 mm
  • Weight: 59 gr
  • ISBN-10: 1157140904
  • Publisher Date: 15 Sep 2010
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Surety Bond, Bail Bondsman, Performance Bond, Parole Bond, Psurety Bond, Bail Bondsman, Performance Bond, Parole Bond, Peace Bond, Aval, Supersedeas
  • Width: 229 mm


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