Undertaking by Personal Sureties - same as CD-140: An Undertaking by Personal Sureties seeks to attach an Order of Judgment against the Judgment Debtor's personal sureties. This is done in order to collect on the Judgment, which the Judgment Debtor has failed to satisfy.
Daly City, California is undertaking the use of personal sureties, similar to CD-140, as a means to ensure the fulfillment of commitments or obligations. This approach involves utilizing individuals who act as guarantors, providing a financial guarantee to back the performance of specific duties or responsibilities. This detailed description aims to shed light on the different types and applications of Daly City's undertaking by personal sureties, showcasing its relevance and importance within the region. 1. Construction Projects: One key area where Daly City, California implements personal sureties is in the context of construction projects. Personal sureties act as a form of insurance or a financial security blanket, ensuring that construction companies or contractors fulfill their contractual obligations. By requiring personal sureties, the city aims to safeguard the completion of projects while safeguarding against potential delays, defaults, or subpar work. 2. Bail Bonds: Another application of Daly City's undertaking by personal sureties is within the legal system, particularly in the realm of bail bonds. When an individual is arrested or awaiting trial, a personal surety may be required to post bail on their behalf. This ensures the person's appearance in court and strengthens the legal system's ability to guarantee accountability and avoid unnecessary detention periods. 3. Business Licenses and Permits: Daly City, California may utilize personal sureties when issuing business licenses and permits. This provision serves as a way to protect the city's interests and guarantee compliance with regulatory requirements. Personal sureties assure the local government that the licensee will adhere to specific regulations, codes, and standards, preventing any potential violation or inadequate practices. 4. Contractual Agreements: In various contractual agreements involving the city or its agencies, personal sureties play a crucial role in minimizing risks and ensuring adherence to contractual obligations. These agreements can involve anything from service providers to vendors, consultants, or partnerships. Personal sureties provide financial guarantees that parties will fulfill their responsibilities, fostering trust and accountability in business dealings within Daly City. 5. Tax Obligations: Daly City, California may also employ personal sureties for tax-related matters. Personal sureties could be required when individuals or businesses enter into agreements regarding payment plans, delinquent taxes, or installment agreements. This practice strengthens the collection process, minimizing financial risks for the government while maintaining transparency and encouraging timely tax payments. By deploying various types of personal sureties, Daly City, California enhances its ability to protect its interests and maintain the smooth operation of different sectors. Whether in construction, legal proceedings, business practices, or tax matters, personal sureties act as a reliable financial safety net, fostering integrity, accountability, and trustworthiness within the community.Daly City, California is undertaking the use of personal sureties, similar to CD-140, as a means to ensure the fulfillment of commitments or obligations. This approach involves utilizing individuals who act as guarantors, providing a financial guarantee to back the performance of specific duties or responsibilities. This detailed description aims to shed light on the different types and applications of Daly City's undertaking by personal sureties, showcasing its relevance and importance within the region. 1. Construction Projects: One key area where Daly City, California implements personal sureties is in the context of construction projects. Personal sureties act as a form of insurance or a financial security blanket, ensuring that construction companies or contractors fulfill their contractual obligations. By requiring personal sureties, the city aims to safeguard the completion of projects while safeguarding against potential delays, defaults, or subpar work. 2. Bail Bonds: Another application of Daly City's undertaking by personal sureties is within the legal system, particularly in the realm of bail bonds. When an individual is arrested or awaiting trial, a personal surety may be required to post bail on their behalf. This ensures the person's appearance in court and strengthens the legal system's ability to guarantee accountability and avoid unnecessary detention periods. 3. Business Licenses and Permits: Daly City, California may utilize personal sureties when issuing business licenses and permits. This provision serves as a way to protect the city's interests and guarantee compliance with regulatory requirements. Personal sureties assure the local government that the licensee will adhere to specific regulations, codes, and standards, preventing any potential violation or inadequate practices. 4. Contractual Agreements: In various contractual agreements involving the city or its agencies, personal sureties play a crucial role in minimizing risks and ensuring adherence to contractual obligations. These agreements can involve anything from service providers to vendors, consultants, or partnerships. Personal sureties provide financial guarantees that parties will fulfill their responsibilities, fostering trust and accountability in business dealings within Daly City. 5. Tax Obligations: Daly City, California may also employ personal sureties for tax-related matters. Personal sureties could be required when individuals or businesses enter into agreements regarding payment plans, delinquent taxes, or installment agreements. This practice strengthens the collection process, minimizing financial risks for the government while maintaining transparency and encouraging timely tax payments. By deploying various types of personal sureties, Daly City, California enhances its ability to protect its interests and maintain the smooth operation of different sectors. Whether in construction, legal proceedings, business practices, or tax matters, personal sureties act as a reliable financial safety net, fostering integrity, accountability, and trustworthiness within the community.
