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Old 05-09-2007, 05:46 PM
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Default Auto Dealer Bond
I am interested in purchasing a used auto dealership. What do I need a bond for? and what will it cover?
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Old 05-11-2007, 11:49 AM
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Your bond is required to protect the public from your potential fraud or negligence. If you are to break the rules and regulations set forth by your state, the state can file a claim against your bond and reimburse any citizen that was negatively effected by your company.
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