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  1. bad2thebond
    bad2thebond is offline Member
    Join Date
    Oct 2008
    Posts
    81

    Cancellation Clause

    How does a surety determine the cancellation clause that it assigns to a bond.
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  2. lifeisgood
    lifeisgood is offline Senior Member
    Join Date
    Sep 2008
    Posts
    109

    Cancellation Clauses in a Bond

    It's not the surety who decideds the cancellation clause in the bond language - but the obligee. The surety simply enforces and/or abides by the cancellation clause.
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