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Print Highlight Fields Clear All Data SURETY S CAPIAS AND BAILPIECE RELEASE Commonwealth of Virginia CASE NO. VA. CODE 19.2-149 BOND AMOUNT SURETY S NAME $ PART SURETY S CAPIAS AND BAILPIECE RELEASE.
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Revised FAQ
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Compensated surety means any person who is in the business of writing appearance bonds and who is subject to regulation by the division of insurance in the department of regulatory agencies, including bonding agents and bail insurance companies. Compensated surety Definition - Law Insider lawinsider.com https://.lawinsider.com › dictionary › compensated-... lawinsider.com https://.lawinsider.com › dictionary › compensated-...
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Examples of Surety Bonds Includes bid or proposal bonds, performance bonds, payment or labor and material bonds, maintenance bonds and supply bonds. These bonds are required by state or federal law for most public construction projects or by a private developer.
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A term generally used to refer to a person who undertakes to satisfy a payment or performance obligation owed by another person to a third party.
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Surety Explained in Detail A surety bond is a legal binding agreement signed between three parties—the lender, the trustee, and the guarantor. The obligee, generally a government agency, allows the principal to receive a security bond as a protection against future work output, normally a business owner or contractor.
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A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).
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'Contract of guarantee', 'surety', 'principal debtor' and 'creditor'—A 'contract of guarantee' is a contract to perform the promise, or discharge the liability, of a third person in case of his default.
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A surety bond or guarantee is a written obligation provided by a guarantor (a bank or insurer) covering the beneficiary (such as an employer on a construction contract) against the default of the bonded or guaranteed company. It secures the fulfilment of contractual, commercial or legal obligations.
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As a general principle guarantees create independent principal obligations while suretyships create accessory obligations. A suretyship is a contract between a creditor, a principal debtor and a third party binding himself in part or in whole on behalf of the principal debtor, usually as surety and co-principal debtor.
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There are three parties involved in a surety bond: the principal, the obligee, and the surety. If the principal does not complete the work as contracted, the obligee can make a claim for payment from the bond up to but not exceeding the bond amount. What Is A Surety Bond? [Video] - Travelers Insurance travelers.com https://.travelers.com › surety-bond › what-is-a-sure... travelers.com https://.travelers.com › surety-bond › what-is-a-sure...
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A surety is a person or party that takes responsibility for the debt, default, or other financial responsibilities of another party. A surety is often used in contracts in which one party's financial holdings or well-being are in question and the other party wants a guarantor.
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Keywords relevant to Surety's Capias And Bailpiece Release - Virginia's Judicial System - Courts State Va
- undersigned
- surety
- desiring
- recognizance
- BONDSMAN
- forthwith
- Revised
- JUDICIAL
- magistrate
- jailer
- Highlight
- bonded
- commanded
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