Miika is hired by the City of Poseidon to construct a new public swimming pool. The city requires Miika to purchase a bond guaranteeing her performance on the construction project. In this bond,the city is the:

Question

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The city is the obligee in this bond, as they are the party that requires the bond as a guarantee of Miika's performance in constructing the new public swimming pool. The principal would be Miika, the party that agrees to perform the work according to the bond's terms, while the surety would be the company issuing the bond to guarantee Miika's performance. The term "insured" is not typically used when discussing bonds.

Miika Is Hired by the City of Poseidon to Construct