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.
Need bail in San Jose? Call now.What is an Encroachment Permit Bond? The Housing Department provides "gap financing" in the form of low-interest loans or conditional grants to developers of affordable housing. Given the above information, address the following: (a) What is the expected equilibrium price and quantity of bonds in this market? We own, operate and develop award-winning retail environments and mixed-use neighborhoods in the nation's most desirable markets. So, in the time-honored tradition of supply and demand, its price will go up. And because you're paying more for it, its yield becomes less. Projected growth in electric vehicle (EV) fleets is expected to reduce oil demand growth in the next decade. In the Headquarters Building Boardroom, 5700 Almaden Expressway, San Jose, CA 95118.