Surety bonds - Study guides, Class notes & Summaries
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AFSB 151 Practice Exams Questions and Answers
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AFSB 151 Practice Exams Questions and 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? -Answer- 
Statutes of frauds 
Following the Civil War, the growing number and complexity of financial/commercial 
relationships led to the need for -Answer-Commercial suretyship. 
In accordance with a contract to build a county shed for the Village of Malcom, 
Raymone Construction pur...
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Bail bonds Exams Package Deal -Solved
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Surety Bond Exam Prep Solved 100%

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Ohio Surety Bail Agent Exam Graded A 

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NC Bail bond State Exam Graded A

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MO Bail Bond (Tim s Class) Exam

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LA Bail Bonds Study Guide with Complete Solution

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Florida County Bail Bonds Q
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CCCA Exam Latest Update Already Passed
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CCCA Exam Latest Update Already 
 
Passed 
 
Preliminary Project Description PPD describes the scope and relationships of major elements 
organized in terms of building systems and components - CSI recommends UniFormat for PPDS 
- describes as a system of components 
 
Outline specifications an abbreviated set of specification requirements normally included 
with schematic design or design development documents. Bassi for revising estimates of 
cost/schedule value - Record decisions 
 
shop draw...
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AFSB 151 All Chapters Questions and Answers 100% Solved
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AFSB 151 All Chapters Questions and 
Answers 100% Solved 
Surety bond ️️a written contracts that expresses one party's promise to another party's 
failure to do something promised 
Suretyship ️️the obligation of one entity to answer for the debt, default, or miscarriage of 
performance of duties by another entity 
Performance bond ️️a contract bond guaranteeing that a contractor's work will be completed 
according to plans and specifications 
Payment bond ️️a classificatio...
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AFSB 151 Exam |Complete Questions with A+ Graded Answers
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AFSB 151 Exam |Complete Questions with A+ Graded 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 ...
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AFSB 151 Practice Exam Questions
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AFSB 151 Practice Exam Questions 
 
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 required 
that CB ...
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AFSB 153 Sample Exam with correct Answers 2024
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AFSB 153 Sample Exam with correct Answers 2024 
The surety relationship includes all of the following parties, EXCEPT: 
a. Surety 
b. Fiduciary 
c. Obligee 
d. Principal - ANS ️️ b. Fiduciary 
All of the following are recognized bond terms, EXCEPT: 
a. Noncancelable (open term) 
b. Definite term 
c. Continuous term 
d. Revolving term - ANS ️️ d. Revolving term 
In addition to assisting bond applicants to complete applications and indemnity 
agreements, some surety producers 
a. Investiga...
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AFSB 151 Practice Exam Questions & Answers (Latest Update 2023-2024)
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AFSB 151 Practice Exam Questions & Answers (Latest Update )AFSB 151 Practice Exam Questions & Answers (Latest Update )AFSB 151 Practice Exam Questions & Answers (Latest Update )AFSB 151 Practice Exam Questions & Answers (Latest Update ) 
Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? - ANSWER Sureties were protected by laws that were favorable to them 
 
Except in the case of a forfeiture bond, if the principal defaults...
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AFSB 151 Final Exam with Complete Solutions 100% Verified
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AFSB 151 Final Exam with Complete 
Solutions 100% Verified 
A surety bond is a written document in which one party guarantees a second party's 
️️Performance to a third party for the second party's failure to fulfill an obligation. 
Which one of the these groups, for the most part, serves the market for fidelity and surety bonds 
in the United States? ️️Multiline property-casualty insurers 
Sureties use what written document to authorize a producer to act as the surety's agent in b...
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AFSB 151 Practice Exam Questions and Answers 2024
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AFSB 151 Practice Exam Questions and Answers 2024 
Which one of the following characteristics is unique under American personal suretyship 
compared with corporate suretyship? -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 - 
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 con...
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