The most important questions a surety can ask about performance bonds

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Fidelity and Surety Law Committee, Tort and Insurance Practice Section, American Bar Association , Chicago, Ill
Insurance, Surety and fidelity -- United States, Performance (Law) -- United S

Places

United St

Other titlesPerformance bonds
StatementSteven J. Strawbridge, Lawrence Lerner, editors.
SeriesSurety ;, 5.
ContributionsStrawbridge, Steven J., 1948-, Lerner, Lawrence, 1947-
Classifications
LC ClassificationsKF1228 .M67 1997
The Physical Object
Paginationx, 224 p. ;
ID Numbers
Open LibraryOL710122M
ISBN 101570735093
LC Control Number97074089
OCLC/WorldCa37970075

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Most important questions a surety can ask about performance bonds. Chicago, Ill.: Fidelity and Surety Law Committee, Tort and Insurance Practice Section, American Bar Association, © (OCoLC) Document Type: Book: All Authors / Contributors: Steven J.

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In finance, a surety / ˈ ʃ ʊər ɪ t iː /, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling.