Often times surety bonds are used in cases to protect an enjoined party from wrongful civil actions. These generally fall under the category of plaintiff bonds. However there is also a list of surety bonds used as good faith measures so certain legal actions can be delayed. These are called defendants bonds. Over the coming weeks, the surety bond experts at Jurisco will explain the different types defendant bonds and their appropriate uses as it pertains to civil law in California. Today’s post will start with Appeal bonds.
In most instances obtaining a defendant bond is statutorily mandated by courts during an appeal proceeding in a civil court. Called either an appeal bond or supersedeas bond, these legal mechanisms are required by statute for the appeal of a money judgment. These surety bonds guarantee the judgment will be satisfied along with court costs. Surety bond cost varies by state but usually includes a provision for interest.
Appeal Bonds are widely used but not the only available option for a defendant. There are several other defendant bonds offered by Jurisco. Keep checking in to this blog explanations of the defendants bonds listed below:
When you are in need of a bond of if you have any questions, contact the bond experts at Jurisco and they will answer any of your questions.