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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
Material Written By-When a guaranty concerns a performance bond, it ensures that the principal (the event who buys the bond) will fulfill their commitments under the bond's terms. If the major stops working to satisfy these obligations and defaults on the bond, the guaranty is responsible for covering any type of losses or damages that result.1. Lo
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