Suretyship
Refers to obligations to pay the debts of, or answer for, the default of another. It assumes a legal relationship based upon the contract in which one person (the surety) undertakes to answer to another (the obligee) for the debt, default, or miscarriage of a third person (the principal) resulting from the third person’s failure to pay or perform as required by an underlying contract.
Surety Bond Resources
A janitorial service bond is a type of surety bond that protects your clients if an employee steals or commits...
A pest control service bond is a type of surety bond that guarantees pest control businesses will operate legally and...
Texas enforces strict weight laws on every road and bridge. You need a permit and a $15,000 bond to haul...
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