The other people involved in your company might include the chief executive officer or president. For incorporated businesses, the majority shareholder might also need to serve as an indemnitor. Agreements for surety bond indemnity are always done in writing. Many companies will include the agreement...
If a debtor defaults and the debtor's surety satisfies the obligation, the surety acquires the right of: A) subrogation. B) primary lien. C) indemnification. D) satisfaction. How many joint products can come from a set of common inputs? A) No more than four B) Only two or...
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Law. something given or deposited as surety for the fulfillment of a promise or an obligation, the payment of a debt, etc. one who becomes surety for another. 10. an evidence of debt or of property, as a bond or a certificate of stock. 11. Usually, securities. stocks and bonds. 12...