Bond On Demand In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00415BG
Format:
Word;
Rich Text
Instant download
Description
A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.
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Complete bond applications through one-on-one bonding technical assistance sessions. Information, quotes and broker services for The Bronx, New York performance surety bonds.Call . On-demand performance bonds and letters of credit are used to provide a financial guarantee that a contractor will live up to the terms of the contract. To answer a nonpayment or holdover petition if you are self-represented. The Surety Place can get your surety approved and underwritten in one day, even bad credit and hard to place industry bonds! Start your bond process today. Our experts will walk you through a very simple process. As an alternative the accused can post bail from their own jail commissary account. Summary of New York bond claim and notice laws and requirements for private New York projects including free forms, FAQs, resources and more.
