Surety Bonds (ID)

Of the following, which the best definition of a surety bond?

Which of the following is NOT a type of judicial bond?

Which type of judicial bond guarantees reimbursement to a defendant if it is decided later that an injunction should not have been ordered by the court?

Which type of judicial bond guarantees reimbursement to a debtor if it is decided later that an attachment should not have been ordered by the court?

Which of the following statements is true?

The party of a surety bond, who makes a promise and purchases a surety bond from a surety to back up that promise, is called

The party of a surety bond, to whom the principal makes the promise to, is called

The party who sells the principal a surety bond in order to guarantee the principal’s promise, is called

With a surety bond, the obligee collects a reimbursement, called

A business that performs a certain type of work is required by local or state governments to purchase which type of bond that guarantees that the business will comply with laws, regulations, or ordinances that regulate their activities.

Which bond guarantees that a contractor will accept a contract after it has been awarded the contract through a competitive bid process?

Which bond guarantees that a supplier will supply materials and equipment as stated in the contract?