On a bond, the party who is protected and can make a claim if the principal defaults is the:
a.Obligee
b.Underwriter
c.Principal
d.Surety
Explanation
The obligee is the party for whose benefit the bond is written and who may make a claim if the principal fails to perform. On a public works performance bond, the public agency is the obligee; on a payment bond, unpaid subs and suppliers are protected.
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)