PROTECTING YOUR AUTOMOTIVE COMPANY: THE IMPORTANCE OF A VEHICLE DEALERSHIP BOND


Discover The Hidden Expenses And Consequences Of Overlooking A Performance Bond, And Understand Why It's Important To Steer Clear Of This Expensive Oversight

Article Written By-When a guaranty problems an efficiency bond, it guarantees that the principal (the party that buys the bond) will fulfill their commitments under the bond's terms. If the primary falls short to meet these responsibilities and defaults on the bond, the guaranty is responsible for covering any kind of losses or damages that result.

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