Bảo hiểm & Quyền cầm giữCâu 1494 / 1605
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
Giải thích
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.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which event does NOT constitute 'completion' of a work of improvement for purposes of starting mechanics lien deadlines on a private project?
- A 'notice of cessation' may be recorded by an owner when labor has ceased on the work of improvement for a continuous period of at least:
- The party who purchases a surety bond and whose performance is guaranteed is called the:
- An owner or contractor who wants to remove a recorded mechanics lien from title while still disputing the claim may record a:
- The 20-day period for serving a Preliminary Notice generally begins to run from the date the claimant:
- Which of the following is the BEST reason a general contractor requires subcontractors to name it as an additional insured and provide certificates of insurance?
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)