A contract bond guarantees the performance of obligations assumed in a contract by the principal...
Co-surety describes the situation where multiple sureties combine to provide a bond that the individual sureties are capable of, or interested in, writing alone.
In a co-surety situation, each surety is jointly and severally liable for the full bond amount.
A contract bond guarantees the performance of obligations assumed in a contract by the principal...
A surety guarantees the performance of another party by agreeing to stand in the place of its...