Bond Claim Form Tasmania In Chicago
Category:
State:
Multi-State
City:
Chicago
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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More info
All bonds must be managed online through MyBond. Apply to have your rental bond returned through MyBond.Key info: Please visit Consumer, Building and Occupational Services to claim a rental bond. If you are having difficulty with a surety company which has bonded a defaulted contractor, you may contact the Surety Bond Branch at 3044806635. You must include the 5 digit IDOT contract number, the prime contractor's name, county and section number. Incomplete requests cannot be processed. List of Certified Companies. How to File a Bond Claim. Tenants, property owners and property agents have access to the online bond management system called MyBond. Access margin efficiencies between U.S. Treasury securities and Interest Rate futures.
