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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Content Composed By-When a guaranty problems an efficiency bond, it assures that the principal (the event who purchases the bond) will meet their responsibilities under the bond's terms. If the primary stops working to meet these responsibilities and defaults on the bond, the surety is responsible for covering any losses or damages that result.1. L
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