Written By Abdun Nur
The surety bond is the basis of community, the guarantee to establish relief in arbitration, the guiding light to trust in trade, and the foundation of external guarantee for advances.
A surety bond is a sealed, independent written, witnessed agreement between living souls, for each to stand surety for the other; meaning you are agreeing to take responsibility for your bondsman and they for you in an equally reciprocated bond.
The surety bond is a commitment of deep trust between the two parties, and is the security for the community itself in many ways.
In trade the assuredness in which you would enter a written reciprocal agreement that required trust, is weighed against the number of bondsmen held in surety by either party, the surety bond services the assuredness in the individuals bond of the oath giver or trader, because it shows how many others trust someone enough to take on the burden of their defence.
Within the allodium concept ‘No’ living soul ought to lose their surplus resources without their own free action or guarantee default, and no awardee or unpaid advance can have any settlement established through the confiscation of any immovable resources of any debtor, and further cannot seize the movable resources of a debtor that would in doing so prevent them earning a living, or having full provisions for their home. Only the surplus fruits of the labours of the debtor can be demanded, nothing more, and if those resources are refused to be surrender or no resources exist to satisfy any equitable demand, the creditor can have equitable payment settled through agreement of the debtors surety bondsmen, and the dishonoured debtor can then work to repay their surety.
In the Witena-Gemot (court), if it is equitably determined you encroached upon another and the relief is to pay the living soul more than you are able, the short fall must be paid by your surety bond members and you must labour to repay your surety over time.
If you have failed to honour the repayment of an advance on the advancing platform, the guarantors within your surety bond, that stood guarantor for that advance, are then liable to repay the installment outstanding, upon that advance; every advance must have an external guarantee of repayment, for any advance to be advanced.
In death if you leave unsettled debt or obligations, it is your surety bondsmen who stand the cost or establish settlement, when the existing resources are insufficient to meet those obligations.
In poverty and misfortune it is your bondsmen that give support, it being as if your misfortune is their misfortune.
Diversity is the strength of the surety system, if for example I have four bondsmen: John (4) – Ray (3) – Fred (6) – Jane (1):
John has me in surety bond and we both have Ray (3) he also has – Nigel (4) – Tracy (8) : he has 4 bonds
Ray (3) has me in surety bond and we both have John (4) he also has – Tony (12)
Fred (6) has me in surety bond he also has – Wendy (4) – Bob (9) – Steve (2) – Allen (5)– Catherine (13): he has 6 bonds
Jane (1) has me in surety bond: she has 1 bond
If for example I am found guilty by a jury of my peers and relief is established of 1,200 ounces of silver, but I am only able to provide 200 ounces, the short fall goes to my 4 bondsmen, who each should pay 250 ounces of silver, Jane (1) has no ability to pay, so the remaining 3 surety bondsmen must provide 333 coins each. Only Fred (6) can pay the full amount; John (4) must ask his surety, Nigel (4) and Tracy (8), he cannot ask Ray (3) as we share him in surety, so the division of the burden is 111 coins; Nigel (4) cannot pay that amount and asks his surety bondsmen, William (10), Leroy (5) and Evelyn (3) so each of them provide 37 coins; Ray only has 50 coins and asks his surety Tony (8), but Tony (8) cannot provide 283 and asks his bondsmen, David (7), Mary (7), Stanley (2), Melvin (10), Arthur (5), Barbara (13), Helen (6) and Chris (6) so each of them provide 40.4 ounces of silver each.
This settles the debt; however I must labour over time to repay all the coins provided from each bondsman, pay those outside of my direct surety first.
A full bond of surety is 23, seen as a full community; this prevents the trivialization or corruption of the surety, through the possibility of one soul having hundreds of bonds.
Once bound by a surety bond you cannot be forejudged, disinherited, disavowed or disowned from surety bond if you owe any debt, or become liable to honour any obligation, but if no obligations are imminent and no debt is owed or obligation needing settlement, then the bond can be dissolved in the same way it was formed, both bondsmen seal the end of the bond with two witnesses.