This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a surety bond indemnity agreement? What will be an ideal ... (Read 101 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jul 26, 2018
What is a surety bond indemnity agreement?
 
  What will be an ideal response?

Question 2

Who are the three parties in a typical surety contract?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 26, 2018
Answer to Question 1

The surety bond indemnity agreement provides that the purchaser of the bond will pay the surety company back for any losses that it incurs in making good on its guarantee to the obligee.

Answer to Question 2

The three parties in a typical surety contract are the principal or purchaser of the bond, the surety company that issues the bond, and the obligee to whom the surety company guarantees then contractual performance of the principal.


DyllonKazuo

  • Member
  • Posts: 565
Reply 2 on: Jul 26, 2018
Great answer, keep it coming :)

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

3-13 Formation of a peptide bond by condensation 3-13 Formation of a peptide bond by condensation
Cultures Ideal Body Types Cultures Ideal Body Types
Peptide bond as resonance hybrid of two forms Peptide bond as resonance hybrid of two forms
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ... Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Hip Animation

For a complete list of videos, visit our video library