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Old 02-05-2008, 06:06 PM
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Default Obligation by the Obiligee
Is the Obligee obligated under a bond?
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Old 02-09-2008, 04:12 PM
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Join Date: Oct 2007
Posts: 558
Default Obligee
Quote:
Originally Posted by Numbers
Is the Obligee obligated under a bond?
Actually, the purpose of a bond is to protect the Obligee to assure that whomever is presenting the bond will operate their business according to the rules and regulations of the State (Obligee).
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