Afsb 151 Guías de estudio, Notas de estudios & Resúmenes
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AFSB 151 Final Exam| 180 Questions with 100 % correct Answers | Verified
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AFSB 151 PRACTICE EXAM QUESTIONS & ANSWERS/ VERIFIED/| latest 2024/25 exams updates |
- Examen • 27 páginas • 2024
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| latest 2024/25 exams updates | 
AFSB 151 PRACTICE EXAM QUESTIONS & ANSWERS/ 
VERIFIED/ 
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...
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AFSB 151 Practice Exam Q's
- Examen • 23 páginas • 2024
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AFSB 151 Practice Exam Q's 
 
A type of reinsurance transaction that involves an agreement between the primary insurer and the 
reinsurer specifying how to transfer risks, that defines the eligible risks in terms of lines and 
classes of business, that specifies the parties' obligations, and for which eligible risks are 
automatically reinsured, is - Treaty reinsurance 
 
A surety's liability for a surety bond can only cease to exist when the underlying 
obligation/agreement has - been perfor...
AFSB 151 Final Exam Questions With Complete Solutions.
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AFSB 151 Practice Exam Questions
- Examen • 42 páginas • 2024
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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 ...
![AFSB 151 - Application Questions (Chapters 1-8)](/docpics/4476029/65c8e74c5b85b_4476029_121_171.jpeg)
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AFSB 151 - Application Questions (Chapters 1-8)
- Examen • 17 páginas • 2024
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AFSB 151 - Application Questions (Chapters 1-8) 
Akiem owns a small hardware business. He plans to hire a contractor to build a new 
retail building for his business. Akiem contacted his financial planner for advice on the 
type of bods he should require from the contractor to be assured that the work will be 
completed properly, according to the specifications and in compliance with city building 
codes. Akiem believes that personal suretyship, backed by his brother (the surety), 
would be suff...
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AFSB 151 Practice Exam Questions & Answers Graded To Pass!!
- Examen • 15 páginas • 2023
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AFSB 151 Practice Exam Questions & Answers Graded To Pass!! 
 
Any promise to answer for another person's debts or defaults, including the promise that a surety makes to the obligee under a bond, derives from which one of these? 
Statutes of frauds 
Following the Civil War, the growing number and complexity of financial/commercial relationships led to the need for 
Commercial suretyship. 
In accordance with a contract to build a county shed for the Village of Malcom, Raymone Construction purcha...
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AFSB 151 Practice Exam Questions & Answers (Latest Update 2023-2024)
- Examen • 22 páginas • 2023
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AFSB 151 Practice Exam Questions & Answers (Latest Update )AFSB 151 Practice Exam Questions & Answers (Latest Update )AFSB 151 Practice Exam Questions & Answers (Latest Update )AFSB 151 Practice Exam Questions & Answers (Latest Update ) 
Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? - ANSWER Sureties were protected by laws that were favorable to them 
 
Except in the case of a forfeiture bond, if the principal defaults...
AFSB 151 Practice Exam Questions & Answers Graded To Pass!!
AFSB 151 Practice Exam Questions and Answers 2023
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