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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Content Composed By-When a surety issues a performance bond, it guarantees that the principal (the party who acquires the bond) will certainly fulfill their obligations under the bond's terms. If the primary fails to fulfill these commitments and defaults on the bond, the surety is responsible for covering any losses or damages that result.1. Loss
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