Surety Bonds
Posted: October 2, 2011
Surety bond plays a major role in the development of the economy. In every business environment surety bonds are the most needed requirement to fulfill their aspects in a correct form. Nowadays, trends have been changed and people want to compile their requirements legally. So, every obligee requires their business to be done legally. Surety bond explains the essential factors and their requirements in the...
Surety Bonds
Posted: November 7, 2010
A Surety Bond is a written promise to pay damages or to indemnify against losses caused by the party or parties named in the document through non performance or defalcation. In other words it is a garantee by the surety bonding company to make sure the promise or the job set by the vendor will be full-filled. In other words; a Surety Bond is simply a...