Multiple Choice
If Regency Services, Inc.wishes to protect itself against the possible dishonesty of Chad, an employee who will be handling corporate funds, Regency may purchase a(n) :
A) fidelity bond.
B) judicial bond.
C) performance bond.
D) official bond.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q13: The principal debtor's lack of capacity due
Q20: If the main purpose of the promisor
Q21: When Mark bought new office furniture on
Q24: A defense that can only be asserted
Q27: A debtor need not sign the financing
Q29: Jill owns and operates a donut shop.Under
Q37: The right of exoneration allows the surety
Q49: A security interest in consumer goods is
Q51: If the debtor is in default and
Q68: Upon the surety's payment of the principal