Manual article review is required for this article
Manual article review is required for this article
Manual article review is required for this article
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Material Develop By-When a surety problems a performance bond, it assures that the principal (the party who buys the bond) will fulfill their responsibilities under the bond's terms. If the major stops working to satisfy these obligations and defaults on the bond, the surety is accountable for covering any type of losses or problems that result.1.
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