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Which of the Following Statements About Various Types of Surety

Question 23

Multiple Choice

Which of the following statements about various types of surety bonds is true?


A) A judicial bond guarantees that a public official will faithfully perform his or her duties for the protection of the public.
B) A payment bond guarantees that the bonded person will appear in court.
C) A license and permit bond guarantees that the bonded party will comply with all the laws and regulations governing his or her activities.
D) A bid bond guarantees that the principal will complete a construction project on time.

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