Which of the following is a course of action a surety under a performance bond could take upon being notified by the owner of a default by the contractor?
A) complete the construction contract himself
B) pay the owner the face value of the performance bond
C) do nothing, and wait to see if the owner sues the contractor to prove that the contractor was actually in default
D) all of the above

Question

Quizplus · Accepted Answer

These are three of the six options open to the surety in the event of default by the contractor.

Which of the Following Is a Course of Action a Surety