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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Post Author-When a surety problems an efficiency bond, it guarantees that the principal (the party who purchases the bond) will fulfill their responsibilities under the bond's terms. If the primary stops working to satisfy these commitments and defaults on the bond, the guaranty is accountable for covering any losses or damages that result.1. Loss
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