Afsb 151 chapter 1 exam Study guides, Class notes & Summaries

AFSB 151 Exam Questions & Answers Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? A. Sureties were protected by laws that were favorable to them. B. This form of suretyship was subject to statutory law. C. This form of suretyship was subject to common law.Incorrect. Under American personal suretyship, sureties were protected by laws that were favorable to them. D. Surety bonds were required to be in writing A) ...

AFSB 151 - Chapter 1 Exam

AFSB 151) Chapter 1 Quiz Questions Exam Questions and Answers with complete solutions | Graded A+ A basic type of bond that involves all situations in which sureties guarantee performance of obligations that generally do not arise from contracts is - commercial surety bonds bonds for which the laws specify the bond conditions and for which all three parties are dictated by the applicable law rather than the bond provisions are - statutory bonds A group that educates the general public, le...

AFSB 151 Exam Questions & Answers Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? A. Sureties were protected by laws that were favorable to them. B. This form of suretyship was subject to statutory law. C. This form of suretyship was subject to common law.Incorrect. Under American personal suretyship, sureties were protected by laws that were favorable to them. D. Surety bonds were required to be in writing A) ...