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Live Articles on Suretyship (Volume 2)

Live Articles on Suretyship (Volume 2)


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918. Excerpt: ... FLEXIBILITY OF CORPORATE SURETYSHIP. Admirable Adaptability of This Form of Protection to Meet New Demands of Modern Business. By E. D. Livingston, Superintendent Bonding Department, Roval Indemnity Company. Every day the surety underwriter is called upon to solve some new problem and adapt corporate suretyship to some new requirement for security, which may grow out of a single and unusual contract or be required to meet a general condition. The surety bond is flexible and ma., ue used to meet practically any such requirement, and the resourceful surety underwriter is generally able to arrange such surety bonds without exposing the bonding company to any undue hazard. A real and indispensable service is afforded by corporate suretyship which could be fully appreciated only in the event of its discontinuance. The constructive work which has been accomplished in a few years forecasts a wonderful future development. The men who are making corporate suretyship their life work have the satisfaction of knowing that they are building an institution which is and will continue to be regarded as an essential. Many established lines of the present were a short time past unusual and experimental and many of the new lines of to-day will to-morrow be undertaken as a matter of course. And so the institution of corporate suretyship has grown and will continue to grow to meet changing conditions. Surety bonds are being used to take care of requirements for security which were heretofore taken care of in some other way or not at all. A striking example of the ready response of the bonding companies to the requirements for security is the title guaranty bonds which are now issued to the Federal Land Banks. Federal farm loans are provided for by an act of Congress to aid fa...


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Product Details
  • ISBN-13: 9781459040014
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 44
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1459040015
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 95 gr


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