Question: A general contractor is required to secure a $100,000 Materials and Labor Payment bond. After the general contractor fails to pay a supplier $150,000 for

A general contractor is required to secure a

A general contractor is required to secure a $100,000 Materials and Labor Payment bond. After the general contractor fails to pay a supplier $150,000 for construction materials that the general contractor and supplier agreed to by subcontract, the general contractor leaves town and moves to Eswatini. The supplier places a lien on the owner's property. How much would the surety owe the obligee

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