AFSB 151 Bundled Exams Questions and Answers - All Rated A

AFSB 151 Latest Update Already Graded A fidelity bonds bonds that historically have guaranteed the performance of obligations that do not arise from contracts performance bonds a contract bond guaranteeing that a contractor's work will be completed according to plans and specifications payment bo...

AFSB 151 Practice Exams Questions and Answers Graded A+ Any promise to answer for another person's debts or defaults, including the promise that a surety makes to the obligee under a bond, derives from which one of these? Statutes of frauds Following the Civil War, the growing number and complexi...

AFSB 151 Practice Exam Questions 100% Correct Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? Sureties were protected by laws that were favorable to them Except in the case of a forfeiture bond, if the principal defaults t...

AFSB 152 Latest Update Graded A+ Surety bond A written contract that expresses one party's promise to answer for another party's failure to do something as promised. Surety The party(usually an insurer) to a surety bond that guarantees to the obligee that the principal will fulfill an obligation ...