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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.
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.
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.