Refers to obligations to pay the debts of, or answer for, the default of another. It assumes a legal relationship based upon the contract in which one person (the surety) undertakes to answer to another (the obligee) for the debt, default, or miscarriage of a third person (the principal) resulting from the third person’s failure to pay or perform as required by an underlying contract.
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Suretyship
Surety Bond Resources
A mortgage notary plays a vital role in real estate transactions, ensuring the legitimacy of documents and protecting all parties...
When becoming a notary public in Texas, securing a surety bond is a crucial step to protect yourself and your...
A real estate notary plays a vital role in ensuring the legality and authenticity of real estate transactions. In Texas,...
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