Breach of bond (finance)
From Entri
Breach of bond (finance)
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Translations
| Language | Link |
|---|---|
| nld | niet-nakoming van de obligatieverplichtingen |
Synonyms
breach of bonds, breach of a bond, breach of the bonds
Remark(s)
- The use of this term in a finance context is very rare.
Example(s)
- The court was specifically referring to the potential for bad faith claims against a surety, not making a generally statement as to the rights of principals to sue sureties for breach of bonds. Source: U.S. District Court for the District of Connecticut
- Defendant cites no cases in which a court allowed a principal to sue its surety for money damages for breach of a bond. Source: U.S. District Court for the District of Connecticut
- L. J., who represented the church, said Thursday the court found F.N. liable to the church for fraud, bad faith, breach of the bonds and violation of the Arkansas Insurance Codes. Source: Arkansas Democrat Gazette
