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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Short Article Created By-When a guaranty concerns an efficiency bond, it assures that the principal (the party who buys the bond) will certainly fulfill their responsibilities under the bond's terms. If the major fails to satisfy these obligations and defaults on the bond, the guaranty is accountable for covering any losses or damages that result.1
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