Which of the following is NOT a type of appeal bond?

Which of the following is NOT a type of appeal bond?

• A. Surety appeal bond
• B. Personal appeal bond
• C. Corporate appeal bond
• D. Cash appeal bond

Answer: (C)

A corporate appeal bond is indeed a type of appeal bond, which is used to secure the payment of damages if a party loses an appeal. This type of bond is provided by a surety company on behalf of the appellant, ensuring financial responsibility during the appeals process. In contrast, a surety appeal bond involves a surety company backing the bond, providing a guarantee that if the appellant loses the appeal, the bond will cover the judgment. A personal appeal bond, meanwhile, refers to a bond that individuals might obtain, essentially acting as a written promise to pay a specified sum if the appeal is unsuccessful. Finally, a cash appeal bond involves the appellant depositing cash with the court to secure the bond, which is held until the appellate process concludes. Understanding the distinctions between these types of bonds is crucial in the context of municipal law and appeals processes, as they are mechanisms to protect the interests of the prevailing party during appeals.

A corporate appeal bond is indeed a type of appeal bond, which is used to secure the payment of damages if a party loses an appeal. This type of bond is provided by a surety company on behalf of the appellant, ensuring financial responsibility during the appeals process.

In contrast, a surety appeal bond involves a surety company backing the bond, providing a guarantee that if the appellant loses the appeal, the bond will cover the judgment. A personal appeal bond, meanwhile, refers to a bond that individuals might obtain, essentially acting as a written promise to pay a specified sum if the appeal is unsuccessful. Finally, a cash appeal bond involves the appellant depositing cash with the court to secure the bond, which is held until the appellate process concludes.

Understanding the distinctions between these types of bonds is crucial in the context of municipal law and appeals processes, as they are mechanisms to protect the interests of the prevailing party during appeals.