Afsb Study guides, Class notes & Summaries
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AFSB 151 Practice Exam Questions | 216 Questions with 100% Correct Answers | Verified | 42 Pages
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Which one of the following characteristics is unique under American personal suretyship 
compared with corporate suretyship? - Sureties were protected by laws that were favorable to 
them 
Except in the case of a forfeiture bond, if the principal defaults the surety will pay - Up to the 
bond penalty, but no more than the obligee's actual loss amount 
CB Construction entered into a construction contract with Lee Properties. The contract required 
that CB Construction obtain a performance bond, ...
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AFSB 153 Sample Exam | 80 Questions with 100% Correct Answers | Updated & Verified | 27 Pages
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The surety relationship includes all of the following parties, EXCEPT: 
a. Surety 
b. Fiduciary 
c. Obligee 
d. Principal - b. Fiduciary 
All of the following are recognized bond terms, EXCEPT: 
a. Noncancelable (open term) 
b. Definite term 
c. Continuous term 
d. Revolving term - d. Revolving term 
In addition to assisting bond applicants to complete applications and indemnity agreements, 
some surety producers 
a. Investigate commercial surety bond losses. 
b. Design commercial surety bond fo...
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AFSB 152 - The Institutes Practice Exam Questions | 116 Questions with 100% Correct Answers | Verified | 45 Pages
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Lansing Construction Company completed major jobs including road grading, bridges, and base 
and paving work. Which one of the following types of contractors is Lansing? 
· Heavy and highway construction 
· General Engineering contractor 
· General Building contractor 
· Design/build contractor - Heavy and highway construction 
The project owner for a new shopping plaza being built in Highville is the Highville Municipal 
Property Company. The role of the project owner at the beginning of an...
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AFSB 153 - Practice Exam Questions | 84 Questions with 100% Correct Answers | Verified
- Exam (elaborations) • 13 pages • 2023
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Which one of these is a reason that sureties face significant hazards on reclamation, mining, and 
removal bonds? - long-tail liability 
Which one of these statements about handling reclamation, mining, and removal bond claims is 
true? - Courts seldom rule in favor of sureties. 
Which one of these is the second phase of the reclamation process? - Revegetation 
Which one of these statements about surface or strip mining bonds is true? - The mining 
permit process is time consuming and expensive....
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Bundle for AFSB 151 tests compilation | everything you need | verified
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Bundle for AFSB 151 tests compilation | everything you need | verified
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Bundle for AFSB 151 Exams Compilation | Verified | Guaranteed Success
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Bundle for AFSB 151 Exams Compilation | Verified | Guaranteed Success
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AFSB 152 Practice Exam Part A with 100% complete solutions
- Exam (elaborations) • 7 pages • 2023
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The two main types of construction are heavy and highway construction and The general building trades 
 
Dramatic increase in project size, taking work in new geographical areas, moving into new types of construction, and lack of management maturity are all factors that can result in Contractor failure 
 
The Miller Act requires a contractor on a federal construction project to post two bonds, a performance bond and a Labor and material payment bond 
 
Contractors would typically be granted reli...
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AFSB 151/AFSB 152/AFSB 153 Exam Bundle (Graded A)
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AFSB 151 Final Exam 2023 with complete solutions
AFSB 151 Practice Exam Questions and Answers 2023
AFSB 151 Practice Exam Questions and Answers 2023
AFSB 151 Practice Exam with complete solutions
AFSB 151 1: Principles of Suretyship Exam Questions and Answers
AFSB 152 Practice Exam Part A Questions and Answers
AFSB 153 Sample Exam with correct Ans

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AFSB 151 All Chapters (Study Guide) – Q’s And A’s
- Exam (elaborations) • 60 pages • 2024
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AFSB 151 All Chapters (Study Guide) – Q’s And A’s
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AFSB 152 - Complete Practice Exam: Q’s And A’s
- Exam (elaborations) • 31 pages • 2024
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AFSB 152 - Complete Practice Exam: Q’s And A’s
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