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Authored By-When a surety issues an efficiency bond, it guarantees that the principal (the party who acquires the bond) will certainly satisfy their responsibilities under the bond's terms. If the primary fails to fulfill these obligations and defaults on the bond, the guaranty is responsible for covering any type of losses or damages that result.1
Posted By-When a surety issues a performance bond, it guarantees that the principal (the event who acquires the bond) will fulfill their obligations under the bond's terms. If the major falls short to meet these obligations and defaults on the bond, the guaranty is accountable for covering any losses or problems that result.1. performance bonds o
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