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 53 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
Gracias!

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Corrosion on Copper Bond Pad Corrosion on Copper Bond Pad
Ionic Bond Ionic Bond
The effect of a double bond on the shape of fatty acids The effect of a double bond on the shape of fatty acids
Hydrogen Bond with Peptide Hydrogen Bond with Peptide
Covalent bond Covalent bond
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 ...
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library