Cases concerning property are likely to concern bonds as well. One plaintiff bond that is often required is a replevin bond which is called into play when the defendant is being asked to relinquish control of property (i.e. vehicle, art, a house). A judge requires this sequestration to cover any damages the defendant may incur […]
It’s in the news and minds of people who are realizing just how many Senior Citizens are going hungry and losing their homes in this country. As presidential hopeful Senator Bernie Sanders described it, the fact that senior citizens are going without daily meals or medicines should be a concern to everyone as it is a […]
Perhaps one of the best ways to explain surety bonds is thinking of it as a sort of insurance policy. Should anything go awry in a legal case or proceeding, a surety bond is the net that catches the downfall, insuring plaintiffs and defendants do not lose money, property, and the like without any recourse. […]
Section 8242 of the California Civil Code deals with the surety bond requirements and procedure for releasing of real property from a claim of lien. The bond in this case is referred to as a Release of Lien bond or, simply, a Mechanic’s lien bond. Generally, liens are filed against real property by a contractor […]
In 2014 Starbucks filed suit in California seeking to have a preliminary Injunction levied against Howard Heller, the owner of both Specialty Coffees International and Cafe Nu International, for (among other claims) trademark infringement. (Details of the case can be found: here) The defendant failed to answer the complaint and the judge granted the preliminary […]
It is always sad news when there is strife among beneficiaries after a loved one has passed. It is especially difficult when the strife plays out in public. After the tragic death of famed Actor/Comedian Robin Williams, his heirs are engaging in just such a public battle; as an article in the New York Times […]
What is better than a vacation? How about a paid vacation? Well, what about an extended paid vacation where you retain job security while you are far afield? This is called a sabbatical and they are offered by many companies and institutions as an incentive to retain employees. They are prevalent for educational and non […]
Yesterday, Maura Dolan of the LA Times published an article on an important legal appeal decision regarding gun ownership. (see full article here: http://www.latimes.com/local/california/la-me-sunnyvale-gun-ordinance-20150305-story.html) Appeals and the appellate court are very important to the surety industry (though not necessarily in ways that relate to the 2nd amendment) and Surety Bonds, specifically Appeal Bonds in California […]
A trial is over. The case is settled. An estate is closed. What now? What do you do with the surety bond? We at Jurisco are asked all the time: How do you properly discharge (or exonerate) a surety bond once it is no longer necessary, or after all the claims are settled. More specifically, […]