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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Produced By-When a surety problems a performance bond, it ensures that the principal (the event that purchases the bond) will meet their commitments under the bond's terms. If the principal fails to satisfy these responsibilities and defaults on the bond, the guaranty is in charge of covering any losses or problems that result.1. Loss of online rep