Surety Bond

A surety bond or surety is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.
Posts about Surety Bond
  • OH NO! A LIEN IS RECORDED! WHAT ARE SOME OF MY OPTIONS?

    … the lien or transfer that lien to another form of security other than the real property? 1) Notice of Contest of Lien – This is an efficient, cost effective strategy that I oftentimes prefer to use to truly determine whether a lienor (entity that recorded lien) actually intends on foreclosing on the lien. Recording a Notice of Contest of Lien…

    Florida Construction Legal Updates- 14 readers -
  • ONCE BITTEN NOT THE RULE

    … that the plaintiff was guilty of contributory negligence which caused his or her own injuries. Id. A deliberate violation of the Dog Law suffices to show negligence. Id. There is no strict or absolute liability in dog bite cases. An owner may always show that he used due care in confining his dog and/or that the dog escaped despite the exercise…

    Prince Law Offices, P.C.- 8 readers -