Demand For Bonds Formula In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00415BG
Format:
Word;
Rich Text
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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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The judgment creditor or assignee shall fill out and file Judicial Council of California Form SC90 to acknowledge full payment. The money supply has to decrease if you want interest rates to increase.168 (Rivercrest) of the County of Riverside Limited. See Instructions on page 4 for information about completing this form. For additional space, use Continuation of Property Declaration. Bonds payable are reported net of the applicable bond premium or discount. The Development Review and Plan Check Section provides plan checking, and approval for all subdivisions and land development.
