Afsb 151 practice exam - Study guides, Class notes & Summaries

Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? - correct answer Sureties were protected by laws that were favorable to them Except in the case of a forfeiture bond, if the principal defaults the surety will pay - correct answer Up to the bond penalty, but no more than the obligee's actual loss amount CB Construction entered into a construction contract with Lee Properties. The contract required that CB Constructi...

AFSB 151 Practice Exam Questions & Answers Graded To Pass!! 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 complexity of financial/commercial relationships led to the need for Commercial suretyship. In accordance with a contract to build a county shed for the Village of Malcom, Raymone Construction purcha...

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AFSB 151 Practice Exams Questions with Answers 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? - ANS ️️ Statutes of frauds Following the Civil War, the growing number and complexity of financial/commercial relationships led to the need for - ANS ️️ Commercial suretyship. In accordance with a contract to build a county shed for the Village of Malcom, Raymone Constr...

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AFSB 151 Practice Exam With 100% Correct Answers 2023

AFSB 151 Practice Exam Questions With 100% Correct Answers. 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 the surety will pay Up to the bond penalty, but no more than the obligee's actual loss amount CB Construction entered into a construction contract with Lee Properties. The contract ...