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AFSB 152 - Assignment 4 Practice Exam questions and answers.
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AFSB 152 - Assignment 4 Practice Exam questions and answers.
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AFSB 152 -Assignment 4
Practice Exam
questions and
answers
The Sherwood Company (SC) is a real estate
development firm with a healthy track record
of well-built buildings for small to midsized
companies in a large suburb surrounding a
midwest city. Greyhound Surety is assessing
the company and its contractor, Parks
Construction, for contract bonds for several
of their current projects. One in particular is
the Raymond Center, an office building
already negotiating with real estate and
insurance entities that wish to rent offices at
the new site. SC, the owner financing the
Raymond Center project, is represented by
, Simon Howell, with Michael Parks
representing the construction firm. Which
one of the following best describes this
scenario?
Greyhound will be more concerned about SC
being unable to finance the private real
estate development than it would be if the
project owner was a public entity or owner.
3 multiple choice options
In the surety relationship, the producer is
responsible for
Having familiarity with the bond markets and
advising the contractor in selecting an
appropriate bonding company.
3 multiple choice options
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