Which statement about single entry bonds is TRUE?
A. Except when a law or regulation expressly provides that a lesser amount may be taken, there is a minimum limit of liability of $100 on a single entry bond.
B. A single entry bond should have an effective date that is 10 working days after release of the merchandise covered by the bond.
C. As a general rule, the bond limit of liability on a single entry bond is 25 percent of the value of the merchandise.
D. A single entry bond may only be used for merchandise moving inbond from another port.
E. The termination date of a single entry bond is determined at the time of the submission of the bond.
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The Answer is: A
Citation: 19 CFR 113.13
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