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Non-Cattle Specific Topics
Every Thing Else Board
Cattle dealer $ problems?
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<blockquote data-quote="kenny thomas" data-source="post: 792321" data-attributes="member: 8993"><p>Don't know how these are calculated but I had to get a bond to handle a $450,000 estate and I had to pay for a bond for $450,000. The bond only cost a % of that but I still had to get it for the full amount of value of the estate. </p><p> Why would their bond not be for the value of the cattle they sell. Otherwise if they went under owing $2,000,000 their $130,000 bond would only cover 6.5%.</p></blockquote><p></p>
[QUOTE="kenny thomas, post: 792321, member: 8993"] Don't know how these are calculated but I had to get a bond to handle a $450,000 estate and I had to pay for a bond for $450,000. The bond only cost a % of that but I still had to get it for the full amount of value of the estate. Why would their bond not be for the value of the cattle they sell. Otherwise if they went under owing $2,000,000 their $130,000 bond would only cover 6.5%. [/QUOTE]
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Cattle dealer $ problems?
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