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JamesLu JamesLu
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7 years ago
Which of the following statements about surety bonds is (are) true?
I.   The surety has a legal right to recover a loss payment it made on behalf of a defaulting principal.
II.   The obligee is the party who benefits from the bond if the principal fails to perform.
A) I only
B) II only
C) both I and II
D) neither I nor II
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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7 years ago
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JamesLu Author
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#2
7 years ago
Perfect answer
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