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Author Question: Which of the following statements is correct with respect to bonding? (Read 34 times)

ashley

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on: Aug 7, 2021
Which of the following statements is correct with respect to bonding?
◦ Bonding is another term for insurance. The two terms, bonding and insurance, are interchangeable.
◦ Bonding provides protection against losses incurred because of fluctuations in the financial markets.
◦ Bonding provides protection to the victim injured by the wrongful conduct of the person bonded.
◦ If a person is bonded and that person commits some wrongful act such as stealing a client's money, the bonding company is bound to compensate him for any losses he suffers from being caught.
◦ Bonding is a government certification system whereby the government guarantees that a person so bonded or certified will do the job he is hired to do as set out in the bonding certificate.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by ashley on Aug 7, 2021

sultansheikh

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ashley

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Reply 2 on: Aug 7, 2021
Thanks for the timely response, appreciate it

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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