We compile a definition and questions that may arise during the release of the jail. A “bail” is a deposit and a promise to the court to persuade the release of a defendant’s jail. The defendant will return to court or lose bail (and possibly be charged for the charge of not appearing before the […]
With a fidelity bond, the patrimony of the companies can be protected against possible frauds or illicit conducts that can be committed by one or more employees of the organization and whose responsibility is duly proven. In order for a company to contract this protection, it is necessary that there is an employment relationship with […]
The objective of the administrative bond is to guarantee compliance in time and form with legal and economic obligations acquired during the execution of a contract. These obligations can be derived from order, purchase order or a work contract, all concluded between two or more people, which can be both physical and moral. There are […]
The single deposit It is only required to pay if the principal debtor cannot do so. Note that there can be several simple bonds. The lessor-owner or financial institution first turns to the principal debtor (tenant or borrower) to try to recover the money owed. Only if he is insolvent and the proceedings against him […]
The main purpose of the fiscal bond is to guarantee compliance with the obligations consisting of the payment of money before a fiscal authority, such as the Tax Administration Service, the Ministry of Finance and Public Credit, the Mexican Institute of Social Security, or the Institute of the National Fund for Workers’ Housing. Through a […]
When registering a breach of contract by the guarantor, the beneficiary of the bond policy has the right to issue the corresponding claim and be compensated. In order to be able to prove the existence and enforceability of the guaranteed obligation, the beneficiary must immediately notify the Surety, which is known as the Prior Notice […]
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