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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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Posted By-When a guaranty concerns a performance bond, it ensures that the principal (the celebration who purchases the bond) will meet their responsibilities under the bond's terms. If the primary fails to fulfill these responsibilities and defaults on the bond, the surety is responsible for covering any losses or damages that result.1. Loss of on
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