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Is a bond and a bail different? What is the main difference between a bond and a bail?
Asked by unknown
1 Answers
A bond and a bail are two different securities for a release from a jail. The main difference is that the former needs a collateral for release, whereas the latter requires money as a security.
Is it possible to cancel a surety bond? What is required to cancel a surety bond?
Asked by unknown
1 Answers
A surety bond can be cancelled by the surety company. Moreover, some bonds dont come with a cancellation clause and thus requires obligee's letter of release fir cancellation.
Do surety bonds have different types? Which are the main types of common surety bonds?
Asked by unknown
1 Answers
There are 4 main types of surety bonds contract surety bond, fidelity surety bond, court surety bond, and commercial surety bond. Depending on your specific needs, select from these surety bonds.