Demand For Bonds In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00415BG
Format:
Word;
Rich Text
Instant download
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 inquirer's client, the criminal defendant, is out on bail. Bonds may be ordered to be posted in the form of cash, signature, secured bond through a surety company, property, or combination of.1: ONLY the person who paid the bond can get it back, period, end of story. Once bond markets price where policy rates are headed in 2025, we anticipate yields to react in a manner similar to the fourth quarter of 2023.
