Which of the Following Statements About Various Types of Surety

question 26

Multiple Choice

Which of the following statements about various types of surety bonds is true?

• A)A judicial bond guarantees that a public official will faithfully perform his or her duties for the protection of the public.
• B)A payment bond guarantees that the bonded person will appear in court.
• C)A license and permit bond guarantees that the bonded party will comply with all the laws and regulations governing his or her activities.
• D)A bid bond guarantees that the principal will complete a construction project on time.

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Definitions:

Cycling

The process of repeating a set of operations or events periodically. In mechanical and electronic systems, cycling refers to the continuous repetition of processes.

On/off Control

A basic form of control system that operates by simply turning a process or device on or off in response to conditions.

On/off Control

A straightforward control technique which switches a system or device between its operational and non-operational states.

Analog Control

A method of controlling systems using continuous signals rather than digital or discrete signals.