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This document outlines the bond and surety obligations between an agent and a surety in relation to the Merchants Express Money Order Company. It specifies the conditions under which the surety is liable and includes provisions for the automatic extension of the bond.

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What is bond and surety agreement?

A bond and surety agreement is a legal contract where one party (the surety) agrees to take responsibility for the obligation of another party (the principal) in case they fail to fulfill their duties or obligations.

Who is required to file bond and surety agreement?

Individuals or entities that are required to secure a bond, typically contractors, licensees, or parties involved in certain legal or regulatory transactions, are the ones who need to file a bond and surety agreement.

How to fill out bond and surety agreement?

To fill out a bond and surety agreement, you must provide relevant details such as the names and addresses of the parties involved, the terms of the bond, the amount, and any other specific conditions required by the issuing authority.

What is the purpose of bond and surety agreement?

The purpose of a bond and surety agreement is to protect the obligee (the entity requiring the bond) against losses that may result from the principal's failure to meet contractual obligations or comply with laws and regulations.

What information must be reported on bond and surety agreement?

The bond and surety agreement must report information such as the principal's full name and address, surety's information, the bond amount, the terms of the agreement, and any relevant dates or conditions.

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