When are persons required to obtain an appeal bond?

An appeal bond is a financial guarantee required when a party seeks to appeal a court decision. The purpose of this bond is to ensure that the appealing party can cover the costs and damages that may be incurred during the appeal process, should they ultimately lose the appeal. Essentially, it protects the winning party by securing funds to compensate them if the appeal does not succeed.

In the context of the options presented, an appeal bond is specifically linked to the appeal process; therefore, it is relevant only when a party is appealing a court decision. The other situations listed, such as managing a minor’s estate, selling securities, or losing an investment, do not involve the legal context of an appeal and the requirements that accompany it. Thus, the requirement for an appeal bond is directly associated with the act of appealing a court ruling.