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.
Summary of Massachusetts bond claim and notice laws and requirements for private Massachusetts projects including free forms, FAQs, resources and more. If being mailed send to Massachusetts Department of Revenue, Out of State Contractors Unit, 200 Arlington Street.Room 4300, Chelsea, MA 02150. Edit, sign, and share bond refund form online. No need to install software, just go to DocHub, and sign up instantly and for free. Probate and Family Court Bond (MPC 801) This form is used in a number of Probate and Family Court procedures. You can use the RTA's Bond Refund Web Service to request: When everyone agrees on how the bond will be paid out, the refund can be fast tracked. Bond refund requests are made to the RTA using the Refund of rental bond. This form should be completed when the tenancy agreement has ended. Toll Free Number (All Locations).