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Exam (elaborations)
4 - D SURETY BONDS AND FIDELITY COVERAGES REVISED ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS
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---17December 20252025/2026A+
- 4 - D SURETY BONDS AND 
FIDELITY COVERAGES REVISED 
ACTUAL 2025/2026 QUESTIONS 
AND 100% CORRECT ANSWERS 
As a requirement for getting his California adjuster license, Danny is 
required to submit proof of bonding with his application. He purchases 
a surety bond from PBJ Bonds. In this contract, Danny is considered the: 
A. Guarantor 
B. Obligor 
C. Obligee 
D. Indemnitor 
- Answer -B. Obligor (The obligor (a.k.a. principal) is the party that first 
agrees to fulfill an obligation, and is the o...
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$12.99 More Info
mercylynneh
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Exam (elaborations)
SURETY BONDS AND FIDELITY COVERAGE ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS
-
---9December 20252025/2026A+
- SURETY BONDS AND FIDELITY 
COVERAGE ACTUAL 2025/2026 
QUESTIONS AND 100% CORRECT 
ANSWERS 
Surety Bond (Suretyship) 
- Answer -An arrangement between three parties, in which one party 
promises to perform for another party, and a third party guarantees 
that they will fulfill that promise; contract that establishes the liability; 
contract among at least 3 parties 
Principle (a.k.a. Obligor) 
- Answer -Agrees to fulfill an obligation 
ObligeeNeed assistance on Online classes, Exams & Assignments...
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$12.49 More Info
mercylynneh