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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Authored By-When a guaranty concerns an efficiency bond, it guarantees that the principal (the event who acquires the bond) will accomplish their obligations under the bond's terms. If the primary fails to meet these obligations and defaults on the bond, the surety is responsible for covering any kind of losses or problems that result.1. Loss of on
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