Which of These Would Be of Least Interest to a Surety

question 31

Multiple Choice

Which of these would be of least interest to a surety when underwriting a contract bond?

• A)the contractor's financial statements
• B)the contractor's three previous declarations of bankruptcy
• C)the contractor's previous criminal convictions, all for felonies, but unrelated to construction contracting
• D)the employee benefits the contractor provides for its workers

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Definitions:

Bloody Shirt

A term referring to the practice of political leaders invoking the blood of martyrs or heroes to inspire support or justify their actions, often used to rally votes or support.

Homestead Act

A US law enacted in 1862 that provided 160 acres of public land for free to any adult who paid a small registration fee and agreed to live on and cultivate the land for at least five years.

Fenians

A secret 19th-century Irish nationalist organization aiming for the establishment of an independent Irish Republic.

Carpetbaggers

Derogatory term for Northerners who moved to the South after the U.S. Civil War, perceived to be exploiting the region.