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In very simple terms, a Ramey Warrant is an arrest warrant that is obtained by a police agency by going directly to a judge and bypassing the district attorney.
Explanatory Notes. A Collateral Warranty is an agreement between a consultant or contractor involved in the design and/or construction of a development and a third party, the beneficiary, who acquires an interest in that development.he beneficiary, under his agreement with the developer is likely to have a requirement for collateral warranties. That requirement is imposed on the consultant or contractor in his contract with the developer.