2798747
Description
Quiz by FutureAdjusters, updated more than 1 year ago
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Created by FutureAdjusters
about 9 years ago
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Question 1
Question
A guarantee that a contractual obligation will be fulfilled would require what type of bond?
Answer
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Fidelity Bond
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Mutual Bond
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Surety Bond
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James Bond
Question 2
Question
What are the three parties of bond contracts?
Answer
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Principle, Obligee & Surety
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Insured, Insurer & Claimant
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1st party, 2nd party & 3rd Party
Question 3
Question
Can bonds be changed after issuance?
Answer
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True
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False
Question 4
Question
The amount of the bond premium is called a Penalty?
Answer
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True
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False
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