GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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08:51 Oct 17, 2011 |
Persian (Farsi) to English translations [PRO] Law/Patents - Law (general) / تعهد نامه | |||||||
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| Selected response from: Ali Farzaneh Iran Local time: 03:08 | ||||||
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Summary of answers provided | ||||
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5 +5 | The principal |
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5 | A person appointing a surety |
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5 | person on whose behalf a guaranty is made |
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5 | Theme Nh (applicant) |
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4 | principal debtor |
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A person appointing a surety Explanation: A person appointing a surety |
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Notes to answerer
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The principal Explanation: A surety bond is a contract among at least three parties: The obligee - the party who is the recipient of an obligation, The principal - the primary party who will be performing the contractual obligation, The surety - who assures the obligee that the principal can perform the task Reference: http://en.wikipedia.org/wiki/Surety_bond |
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