Posts Tagged ‘surety bonds’

Suretyship is a critical facet of the construction industry, providing a financial guarantee that contractual obligations will be met. This section delves into the foundational principles of suretyship, elucidating the legal underpinnings of surety bonds and the pivotal roles and responsibilities of the involved parties: the principal, obligee, and surety. Principles of Suretyship Suretyship is…