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how-to-beat-criminal-charges-in-admiralty-courts

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A BID Bond<br />

BID BOND (Under $100K)<br />

Application: This bond guarantees that if bid of pr<strong>in</strong>cipal is low, they will enter <strong>in</strong><strong>to</strong> a contract and<br />

file a Performance Bond.<br />

BID BOND (Over $100K)<br />

Application: This bond guarantees that if bid of pr<strong>in</strong>cipal is low, they will enter <strong>in</strong><strong>to</strong> a contract and<br />

file a Performance Bond.<br />

Payment & Performance Bond<br />

PAYMENT BOND (Under $100K)<br />

Application:<br />

A payment bond is given by a contrac<strong>to</strong>r <strong>to</strong> guarantee payment, subject <strong>to</strong> the bond terms, for<br />

………………………, which he/she is obligated <strong>to</strong> perform under the contract. This liability may<br />

be conta<strong>in</strong>ed <strong>in</strong> the performance bond, <strong>in</strong> which case a separate labor and material bond<br />

(payment bond) is not issued.<br />

PAYMENT BOND (Under $100K)<br />

Application:<br />

A payment bond is given by a contrac<strong>to</strong>r <strong>to</strong> guarantee payment, subject <strong>to</strong> the bond terms, for<br />

………………………, which he/she is obligated <strong>to</strong> perform under the contract. This liability may<br />

be conta<strong>in</strong>ed <strong>in</strong> the performance bond, <strong>in</strong> which case a separate labor and material bond<br />

(payment bond) is not issued.<br />

PERFORMANCE BOND (Under $100K)<br />

Application: The Contract Performance Bond is given by a contrac<strong>to</strong>r <strong>to</strong> an owner guarantees<br />

that they will faithfully perform the terms and conditions of a written contract.<br />

PERFORMANCE BOND (Under $100K)<br />

Application: The Contract Performance Bond is given by a contrac<strong>to</strong>r <strong>to</strong> an owner guarantees<br />

that they will faithfully perform the terms and conditions of a written contract.<br />

************************************************************************************<br />

Admiralty Bond<br />

Application: Miscellaneous & Personal F<strong>in</strong>ancial<br />

Court bonds filed <strong>in</strong> connection with litigation under maritime law<br />

Tid-bit for Court Page 3 of 9

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