SURETY BONDS AND FIDELITY COVERAGE ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

SURETY BONDS AND FIDELITY COVERAGE ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Surety Bond (Suretyship) - Answer -An arrangement between three parties, in which one party promises to perform for another party, and a third party guarantees that they will fulfill that promise; contract that establishes the liability; contract among at least 3 parties Principle (a.k.a. Obligor) - Answer -Agrees to fulfill an obligation ObligeeNeed assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: - Answer -Party to whom the principal owes the obligation Surety (a.k.a. Guarantor) - Answer -Guarantees to pay obligee if principle defaults; The party that becomes legally liable for debt, failure or default of another party. Indemnit