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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Created By-When a surety issues a performance bond, it assures that the principal (the celebration that purchases the bond) will meet their responsibilities under the bond's terms. If the major falls short to satisfy these commitments and defaults on the bond, the guaranty is responsible for covering any losses or damages that result.1. Loss of rep