AFSB

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Examen

AFSB 151 Ch.1 Practice Exam 2023 with 100% correct answers
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4

octubre 2023

2023/2024

A+
A surety bond is a written document in which one party guarantees a second party's - correct answer Performance to a third party for the second party's failure to fulfill an obligation Bonds for which the laws specify the bond conditions and for which all three parties are dictated by the applicable law rather than the bond provisions are - correct answer Statutory bonds An organization that uses its collected data to calculate loss costs that member company underwriters use to determine...
YANCHY
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Examen

AFSB 152 Simulated Exam 2023 with 100% correct answers
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3

octubre 2023

2023/2024

A+
The tender preparation stage of estimating begins after... - correct answer the architect and owner solicit bids, when the contractors begin their estimating processes To find clarity on payment bond terms, you can... - correct answer consult the applicable and relatively stable case law that does define the terms A surety needs additional information, such as _____________, to adequately evaluate the work-backlog risk of granting this bond - correct answer the contractor's overall capaci...
YANCHY
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Examen

AFSB 151 - Application Questions (Chapters 1-8) with complete questions and answers
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10

mayo 2024

2023/2024

A+
Akiem owns a small hardware business. He plans to hire a contractor to build a new retail building for his business. Akiem contacted his financial planner for advice on the type of bods he should require from the contractor to be assured that the work will be completed properly, according to the specifications and in compliance with city building codes. Akiem believes that personal suretyship, backed by his brother (the surety), would be sufficient for his small business bond needs. What adv...
kydocuments
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