A(n) _____ is a certificate signed by a principal and a third party promising to pay in the event the assured suffered damages because an employee fails to perform as agreed.

Question

Quizplus · Accepted Answer

The definition provided in the question matches the definition of a surety bond. A civil forfeiture refers to the legal process where property is seized by the government when it is suspected of being involved in a crime. An interstate compact is an agreement between states on a particular policy area. An amercement is a monetary penalty levied as punishment for a legal offense.

A(n) _____ Is a Certificate Signed by a Principal and a Third