Tag Archives: Bond payment defenses

Payment Bond Defenses: To Pay, or Not to Pay: That is the Question

BY LAUREN E. RANKINS, ERICA DEL AGUILA, AND ANIUSKA ROVAINA Introduction The starting point of this article is a maxim that is the very essence of suretyship: the surety is not liable unless its principal is liable on the underlying obligation. As such, a surety is entitled it assert its principal’s defenses against a claim for labor or material furnished ...

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