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 73 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
Thanks for the timely response, appreciate it

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

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

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Hydrogen bond Hydrogen bond
Peptide bond as resonance hybrid of two forms Peptide bond as resonance hybrid of two forms
Catalysis of peptide bond hydrolysis by chymotrypsin (part 2) Catalysis of peptide bond hydrolysis by chymotrypsin (part 2)
Metallic bond Metallic bond
Hydrogen Bond with Peptide Hydrogen Bond with Peptide
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 ...
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library