In reference to Single Entry Bonds, choose the statement below that is TRUE.
A. The termination date of a single entry bond is determined at the time of the submission of the bond.
B. A single entry bond may be used only for merchandise moving in bond from another port.
C. As a general rule, the bond limit of liability on a single entry bond is 25% of the value of the merchandise.
D. There is a minimum limit of liability of $100 on a single entry bond, except when the law or regulation expressly provides that a lesser amount may be taken.
E. A single entry bond should have an effective date that is 10 working days after release of the merchandise covered by the bond.
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The Answer is: D
Citation: 19CFR113.13(a)
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