License and permit bonds Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about License and permit bonds? On this page you'll find 308 study documents about License and permit bonds.
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AFSB 151 Practice Exam Questions and Answers Fully solved
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AFSB 151 Practice Exam Questions and Answers Fully solved 
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 
 
 
 
 
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| LATEST EXAM UPDATES| 2024/25 |AFSB 151 ALL CHAPTERS EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+
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AFSB 151 ALL CHAPTERS EXAM REVIEW QUESTIONS 
AND ANSWERS, RATED A+ 
Surety bond - -a written contracts that expresses one party's promise to another party's failure to 
do something promised 
Suretyship - -the obligation of one entity to answer for the debt, default, or miscarriage of 
performance of duties by another entity 
Performance bond - -a contract bond guaranteeing that a contractor's work will be completed 
according to plans and specifications 
Payment bond - -a classification o...
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2023 Customs Study Set BROKER COMPLIANCE Questions With Complete Solutions
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The failure of a corporate broker to have at least one officer of the corporation with a valid individual broker's license during any continuous period of days may result in the revocation (by operation of law) of the license and any permits issued to the corporation. 
A. 180 
B. 30 
C. 100 
D. 120 
E. 90 correct answer: D. 120 
19 CFR 111.45(a) 
CUSTOMS BROKERS 
Revocation by operation of law. 
 
Records of broker-related financial transactions must be retained for at least . 
A. 2 years 
B. ...
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AFSB 153 Practice Exam | 85 Questions with 100% Correct Answers | Verified | Latest Update 2024
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Which one of these is a reason that sureties face significant hazards on reclamation, mining, and removal 
bonds? - long-tail liability 
Which one of these statements about handling reclamation, mining, and removal bond claims is true? - 
Courts seldom rule in favor of sureties. 
Which one of these is the second phase of the reclamation process? - Revegetation 
Which one of these statements about surface or strip mining bonds is true? - The mining permit 
process is time consuming and expensive....
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AFSB 151 Practice Exam Questions With 100% Correct Answers.
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AFSB 151 Practice Exam Questions With 100% Correct Answers. 
 
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 ...
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AFSB 153 Practice Exam | 85 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 9 pages • 2023
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Which one of these is a reason that sureties face significant hazards on reclamation, mining, and removal 
bonds? - long-tail liability 
Which one of these statements about handling reclamation, mining, and removal bond claims is true? - 
Courts seldom rule in favor of sureties. 
Which one of these is the second phase of the reclamation process? - Revegetation 
Which one of these statements about surface or strip mining bonds is true? - The mining permit 
process is time consuming and expensive....
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AFSB 151 FINAL EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+| latest 2024/25 exams updates |
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AFSB 151 FINAL EXAM REVIEW QUESTIONS AND 
ANSWERS, RATED A+ 
A surety bond is a written document in which one party guarantees a second party's - -Performance 
to a third party for the second party's failure to fulfill an obligation. 
Which one of the these groups, for the most part, serves the market for fidelity and surety bonds in the 
United States? - -Multiline property-casualty insurers 
Sureties use what written document to authorize a producer to act as the surety's agent in bond ...
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AFSB 151 Final Exam|Complete With A+ Graded Answers
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AFSB 151 Final Exam|Complete With A+ Graded Answers 
A surety bond is a written document in which one party guarantees a second party's 
Performance to a third party for the second party's failure to fulfill an obligation. 
 
 
Which one of the these groups, for the most part, serves the market for fidelity and surety bonds in the United States? 
Multiline property-casualty insurers 
 
 
Sureties use what written document to authorize a producer to act as the surety's agent in bond production...
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AFSB 151 Practice Exams Questions With Correct Answers
- Exam (elaborations) • 20 pages • 2023
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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? - Answer Statutes of frauds 
 
Following the Civil War, the growing number and complexity of financial/commercial relationships led to the need for - Answer Commercial suretyship. 
 
In accordance with a contract to build a county shed for the Village of Malcom, Raymone Construction purchases a contract surety bond from SureRite In...
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NY Independent General Adjuster Exam - Series 17-70 Questions and Answers Latest 2023-2024 (Verified Answers).
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NY Independent General Adjuster Exam - Series 17-70 Questions and Answers Latest (Verified Answers). 
Dram Shop Liability refers to: Liquor Law Liability. 
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the 
property from further loss. The additional loss that occurs as a result of his inactions may be 
denied because of what clause in the policy? Neglect. 
To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's 
l...
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