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 Writer-When a surety concerns a performance bond, it ensures that the principal (the party that acquires the bond) will accomplish their responsibilities under the bond's terms. If the principal fails to fulfill these commitments and defaults on the bond, the surety is responsible for covering any kind of losses or problems that result.1.
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