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What is a bond in the law 2024?

Olivia Walker | 2023-06-06 18:53:57 | page views：1292
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Samuel Baker

Works at Microsoft, Lives in Redmond, WA
Bond, In law, a formal written agreement by which a person undertakes to perform a certain act (e.g., appearing in court or fulfilling the obligations of a contract). Failure to perform the act obligates the person to pay a sum of money or to forfeit money on deposit.
2023-06-14 18:53:57
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Amelia Lewis

QuesHub.com delivers expert answers and knowledge to you.
Bond, In law, a formal written agreement by which a person undertakes to perform a certain act (e.g., appearing in court or fulfilling the obligations of a contract). Failure to perform the act obligates the person to pay a sum of money or to forfeit money on deposit.
Bond | law | Britannica.com
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