A guarantee that a contractual obligation will be fulfilled would require what type of bond?
Fidelity Bond
Mutual Bond
Surety Bond
James Bond
What are the three parties of bond contracts?
Principle, Obligee & Surety
Insured, Insurer & Claimant
1st party, 2nd party & 3rd Party
Can bonds be changed after issuance?
True
False
The amount of the bond premium is called a Penalty?
