The principal in a surety contract owes a duty of performance to the obligee.

Name: The principal in a surety contract owes a duty of performance to the obligee.
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The principal in a surety contract is the one who is responsible for fulfilling the obligations outlined in the contract, and as such, they owe a duty of performance to the obligee. The surety is the third party who guarantees the performance of the principal, but the obligation to perform still lies with the principal.

The Principal in a Surety Contract Owes a Duty of Performance