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Construction

Feb. 26, 2000

Common Bond

By Michael G. Yoder, Eric L. Webb and Amy J. Laurendeau
         Every construction surety of size ultimately encounters the dilemma of what actions to take to minimize its potential exposure following the default of its principal. In its haste to save a few dollars by responding quickly, a surety must be cautious not to waive the limit of the penal amount of the surety bond by stepping o...

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