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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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Written By-When a guaranty issues a performance bond, it guarantees that the principal (the event that acquires the bond) will certainly satisfy their responsibilities under the bond's terms. If the principal fails to satisfy these responsibilities and defaults on the bond, the surety is in charge of covering any losses or problems that result.1. L