General obligation bond - Study guides, Class notes & Summaries

1) Clarence entered into a contract bond that guarantees his insulation work will be free from defects in materials and workmanship for a specified period of five years after completion of the work. The type of bond used by Clarence is a Maintenance bond. 2) Which one of the following statements is correct with respect to ocean marine loss exposures? For cargo owners, the posibility of loss to the cargo exists either on board a vessel or on land between the vessel and the cargo's point of ...

Outline the business relationships between the three principal parties that are involved in a landscape construction project (Their obligations) - correct answer 1. Owner/ client - initiate the project ; signs separate contracts for completion, & responsible for funding design & construction 2. Contractor - hired by owner to combine necessary ingredients of materials , labor, equipment, and management to accomplish job 3. Landscape architect - deals w/ both. only contractual relationshi...

NASCLA Business Law and Management Exam Questions With 100% Correct Answers, Latest Update 2024/2025 | Rated A+. Sole Proprietorship - Correct Answer-a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - Correct Answer-Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - Correct Answer-Corporations that have no restrictions on who owns their shares or the number of...

AINS 23 Full Practice Exam Questions with Verified Solutions 1) Clarence entered into a contract bond that guarantees his insulation work will be free from defects in materials and workmanship for a specified period of five years after completion of the work. The type of bond used by Clarence is a Maintenance bond. 2) Which one of the following statements is correct with respect to ocean marine loss exposures? For cargo owners, the posibility of loss to the cargo exists either on boa...

During a recession an Investor will buy _______________ bonds, and sell ________________ bonds. correct answers corporate | government The yield spread between government and corporate bonds during a recession should _____________ correct answers widen Ad Valorem tax correct answers A tax levied according to value, generally used to refer to real estate tax. Also called the general tax. Special tax bonds correct answers backed by special taxes (e.g., taxes on tobacco, gasoline, hotel/mo...

AFSB 151 Practice Exam Questions Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? - Sureties were protected by laws that were favorable to them Except in the case of a forfeiture bond, if the principal defaults the surety will pay - Up to the bond penalty, but no more than the obligee's actual loss amount CB Construction entered into a construction contract with Lee Properties. The contract required that CB ...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

ARE Exam Questions & Answers 2024/2025 General obligation bond - ANSWERSFunds public projets/no revenue/voter approval req/repaid via propert taxes Ex. School Public enterprise revenue bond - ANSWERSFunds public project/yes revenue/re aid via revenue. Ex. Airport Tax Increment Financing - ANSWERSFunds improvements to encourage private development/no vote/increase taxes in long run because property value increase Development impact fees - ANSWERSFunds improvements for off-site...

Outline the business relationships between the three principal parties that are involved in a landscape construction project (Their obligations) - correct answer 1. Owner/ client - initiate the project ; signs separate contracts for completion, & responsible for funding design & construction 2. Contractor - hired by owner to combine necessary ingredients of materials , labor, equipment, and management to accomplish job 3. Landscape architect - deals w/ both. only contractual relationshi...

NASCLA Business Law and Management Exam Questions With 100% Correct Answers | Latest Update 2024/2025 | Rated A+. Sole Proprietorship - Correct Answer-a business owned and managed by a single individual Simplest form to set up unlimited Liability Partnerships - Correct Answer-Business organizations in which two or more persons share responsibilities, costs, profits, and losses. C Corporations - Correct Answer-Corporations that have no restrictions on who owns their shares or the number o...