Demand For Bond Increase In Georgia
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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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Universal Citation: GA Code § 44-6-88 (2023). Summary of Georgia bond claim and notice laws and requirements for private Georgia projects including free forms, FAQs, resources and more.(a) The following offenses are bailable only before a judge of the superior court: (1) Treason;. A bond is an assurance a defendant gives the state while in prison promising to come to court when instructed. Surety Companies executing Bonds must appear on the Treasury Departments most current list (Circular. A probate bond is a type of court bond issued on the performance of an executor of the estate of a recently deceased person. Sureties should go to the Clerk's Office as early in the day as possible because release of a defendant is a time-consuming process. High-yield bonds are not suitable for all investors. The risk of default may increase due to changes in the issuer's credit quality. Please fill out this field.
