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  1. Join Date
    Oct 2007
    Posts
    80

    Obligation by the Obiligee

    Is the Obligee obligated under a bond?

  2. Join Date
    Oct 2007
    Posts
    558

    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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