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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Posted By-When a guaranty concerns a performance bond, it guarantees that the principal (the party who acquires the bond) will certainly satisfy their obligations under the bond's terms. If the primary fails to satisfy these responsibilities and defaults on the bond, the surety is in charge of covering any losses or problems that result.1. Loss of
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