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 North Carolina bond claim and notice laws and requirements for private North Carolina projects including free forms, FAQs, resources and more. 3. Surety Company: Enter the legal name of the Surety Company underwriting the bond.No other person's name should appear on this form. Enter your name, sign and enter receipt number under "Complete If Cash Deposited. AOCCV900 , Civil Forms (CV). Defendant's Bond In Claim And Delivery. Files. Search for your Unclaimed Property here! You must search before filling out the online claim form. 1. Court costs for district Court. 2. Any undisputed past due rent, as indicated in the judgment. 3.