If a Warrant Is Detachable from Its Bond, the Bond

question 44

True/False

If a warrant is detachable from its bond, the bond converts upon exercise of the warrant.

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Definitions:

Mandatory Injunction

A court order requiring an individual or entity to perform a specific action, often to correct a wrong or prevent further harm.

Violate Contractual Term

The act of failing to perform obligations or duties as outlined in a contract.

Tender of Performance

An offer by one party to perform their part of the contract, demonstrating readiness and willingness to fulfill the contract terms.

Contractual Obligation

A duty or commitment one party agrees to perform as outlined in a contract.